Total Energy Services (TSE:TOT) Hits New 1-Year High – What’s Next?

Total Energy Services Inc. (TSE:TOT) hit a new 52-week high on Friday . The company traded as high as C$31.44 and last traded at C$31.44, with a volume of 135904 shares traded. The stock had previously closed at C$30.50.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised their price objective on Total Energy Services from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$33.00.

Total Energy Services Price Performance

The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05. The company has a 50 day moving average price of C$24.21 and a 200 day moving average price of C$22.63. The company has a market capitalization of C$1.14 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.77 and a beta of 0.74.

Total Energy Services (TSE:TOT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%.The business had revenue of C$328.96 million for the quarter. On average, equities analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Transactions at Total Energy Services

In related news, insider Total Energy Services Inc acquired 314,804 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the transaction, the insider directly owned 326,814 shares of the company’s stock, valued at C$7,846,804.14. This trade represents a 2,621.18% increase in their ownership of the stock. Also, insider Bradley John Macson sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$30.21, for a total transaction of C$604,200.00. Following the sale, the insider owned 185,744 shares of the company’s stock, valued at approximately C$5,611,326.24. This represents a 9.72% decrease in their position. Over the last 90 days, insiders acquired 327,684 shares of company stock valued at $7,866,651 and sold 108,800 shares valued at $2,640,630. Company insiders own 7.73% of the company’s stock.

Total Energy Services Company Profile

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company’s operations are conducted in Canada, the United States of America, and Australia.