Total Energy Services (TSE:TOT) Reaches New 1-Year High – Should You Buy?

Total Energy Services Inc. (TSE:TOT)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as C$37.94 and last traded at C$37.77, with a volume of 77,728 shares traded. The stock had previously closed at C$36.44.

Wall Street Analysts Forecast Growth

TOT has been the subject of several research analyst reports. ATB Cormark Capital Markets lifted their price objective on shares of Total Energy Services from C$36.50 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Royal Bank Of Canada set a C$41.00 target price on shares of Total Energy Services and gave the stock a “hold” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$41.50.

Total Energy Services Trading Up 3.6%

The firm has a fifty day simple moving average of C$33.27 and a 200-day simple moving average of C$26.96. The firm has a market cap of C$1.37 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.77 and a beta of 0.67. The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. The firm had revenue of C$328.96 million during the quarter. On average, equities research analysts expect that Total Energy Services Inc. will post 2.05 earnings per share for the current year.

Total Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.48 annualized dividend and a yield of 1.3%. Total Energy Services’s dividend payout ratio (DPR) is presently 18.49%.

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, Director George K. Chow sold 1,800 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of C$30.80, for a total transaction of C$55,440.00. Following the completion of the sale, the director owned 1,800 shares in the company, valued at approximately C$55,440. The trade was a 50.00% decrease in their position. Also, insider Bradley John Macson sold 12,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$10.06, for a total transaction of C$120,720.00. Following the transaction, the insider owned 190,305 shares in the company, valued at approximately C$1,914,468.30. The trade was a 5.93% decrease in their position. Over the last 90 days, insiders have acquired 314,317 shares of company stock worth $10,820,457 and have sold 33,800 shares worth $780,360. 7.73% of the stock is owned by corporate 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.