ATB Cormark Capital Markets Issues Positive Forecast for Total Energy Services (TSE:TOT) Stock Price

Total Energy Services (TSE:TOT) had its price target boosted by ATB Cormark Capital Markets from C$20.00 to C$24.00 in a report published on Thursday morning,BayStreet.CA reports.

Total Energy Services Price Performance

Shares of TSE TOT opened at C$19.79 on Thursday. The company has a debt-to-equity ratio of 13.67, a quick ratio of 1.09 and a current ratio of 1.41. Total Energy Services has a fifty-two week low of C$8.40 and a fifty-two week high of C$20.06. The stock has a market cap of C$728.79 million, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. The stock has a fifty day moving average of C$16.95 and a 200-day moving average of C$15.13.

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

Insider Transactions at Total Energy Services

In other news, Director Daniel Kim Halyk bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of C$14.80 per share, for a total transaction of C$74,000.00. Following the transaction, the director directly owned 855,000 shares of the company’s stock, valued at C$12,654,000. This represents a 0.59% increase in their position. Also, insider Total Energy Services Inc bought 300,892 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the purchase, the insider owned 312,892 shares of the company’s stock, valued at C$4,699,637.84. This represents a 2,507.43% increase in their ownership of the stock. Over the last three months, insiders have purchased 307,462 shares of company stock worth $4,617,356. 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.