Total Energy Services (TSE:TOT) Sets New 52-Week High – Time to Buy?

Total Energy Services Inc. (TSE:TOT) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$27.58 and last traded at C$26.75, with a volume of 323660 shares changing hands. The stock had previously closed at C$26.05.

Analyst Ratings Changes

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

Total Energy Services Stock Down 3.0%

The company has a market capitalization of C$969.93 million, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.77 and a beta of 0.54. The firm’s 50-day simple moving average is C$22.93 and its 200 day simple moving average is C$18.33. The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35.

Total Energy Services (TSE:TOT) last issued its earnings results on Tuesday, May 12th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$314.90 million for the quarter. Total Energy Services had a net margin of 7.04% and a return on equity of 13.24%. As a group, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Total Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Total Energy Services’s payout ratio is presently 19.91%.

Insider Activity at Total Energy Services

In other Total Energy Services news, Director Glenn Orval James Dagenais acquired 1,570 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were acquired at an average cost of C$23.47 per share, for a total transaction of C$36,847.90. Following the transaction, the director directly owned 76,595 shares of the company’s stock, valued at approximately C$1,797,684.65. This represents a 2.09% increase in their ownership of the stock. Also, insider Total Energy Services Inc acquired 46,738 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of C$21.78 per share, for a total transaction of C$1,017,953.64. Following the completion of the transaction, the insider directly owned 46,738 shares in the company, valued at approximately 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 worth $1,091,906. 7.73% of the stock is currently owned by insiders.

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.