Total Energy Services (TSE:TOT) Reaches New 12-Month High – Still a Buy?

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during trading on Monday . The company traded as high as C$24.64 and last traded at C$24.38, with a volume of 13305 shares traded. The stock had previously closed at C$24.30.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price objective on shares of Total Energy Services from C$20.00 to C$24.00 in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Total Energy Services currently has an average rating of “Buy” and an average price target of C$24.00.

Total Energy Services Price Performance

The company has a market cap of C$888.80 million, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.77 and a beta of 0.54. The company has a current ratio of 1.41, a quick ratio of 1.09 and a debt-to-equity ratio of 13.67. The business has a 50-day moving average price of C$21.25 and a 200 day moving average price of C$17.30.

Total Energy Services (TSE:TOT) last issued its earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share (EPS) for the quarter. Total Energy Services had a return on equity of 12.57% and a net margin of 6.97%.The business had revenue of C$301.71 million for the quarter. As a group, research analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. Total Energy Services’s dividend payout ratio is currently 20.51%.

Insider Activity at Total Energy Services

In other Total Energy Services news, insider Bradley John Macson sold 33,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$22.96, for a total value of C$757,680.00. Following the completion of the transaction, the insider directly owned 167,823 shares in the company, valued at C$3,853,216.08. This trade represents a 16.43% decrease in their ownership of the stock. Also, insider Total Energy Services Inc bought 46,738 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was purchased at an average cost of C$21.78 per share, for a total transaction of C$1,017,953.64. Following the completion of the transaction, the insider owned 46,738 shares of the company’s stock, valued at C$1,017,953.64. This represents a ? increase in their ownership of the stock. In the last ninety days, insiders bought 49,908 shares of company stock valued at $1,091,906. Corporate 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.