Total Energy Services Inc Acquires 300,892 Shares of Total Energy Services (TSE:TOT) Stock

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc bought 300,892 shares of the stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the purchase, the insider directly owned 312,892 shares of the company’s stock, valued at approximately C$4,699,637.84. This represents a 2,507.43% increase in their ownership of the stock.

Total Energy Services Stock Down 2.2%

TOT opened at C$14.90 on Friday. Total Energy Services Inc. has a fifty-two week low of C$8.40 and a fifty-two week high of C$15.60. The business has a 50-day moving average of C$14.61 and a 200-day moving average of C$13.22. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09. The company has a market capitalization of C$548.71 million, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported C$0.38 EPS for the quarter. Total Energy Services had a return on equity of 7.84% and a net margin of 4.90%.The business had revenue of C$260.70 million during the quarter. Equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, ATB Capital cut their price target on shares of Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Total Energy Services presently has an average rating of “Buy” and an average price target of C$20.00.

About Total Energy Services

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.