ATB Capital Lowers Total Energy Services (TSE:TOT) Price Target to C$20.00

Total Energy Services (TSE:TOT) had its price objective cut by stock analysts at ATB Capital from C$20.50 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s target price would indicate a potential upside of 31.67% from the stock’s current price.

Total Energy Services Trading Up 2.4%

Shares of TOT stock opened at C$15.19 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. Total Energy Services has a fifty-two week low of C$8.40 and a fifty-two week high of C$15.59. The firm’s 50 day moving average price is C$14.32 and its two-hundred day moving average price is C$12.95. The stock has a market cap of C$559.39 million, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Wednesday, November 12th. The company reported C$0.38 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. The company had revenue of C$260.70 million during the quarter. On average, analysts anticipate that Total Energy Services will post 2.0517598 EPS for the current year.

Insider Activity

In related news, insider Gurmeet Kaur Bhatia purchased 3,852 shares of Total Energy Services stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average cost of C$14.27 per share, with a total value of C$54,968.04. Following the transaction, the insider owned 5,843 shares of the company’s stock, valued at approximately C$83,379.61. The trade was a 193.47% increase in their position. Also, Director Daniel Kim Halyk purchased 5,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was bought at an average price of C$14.80 per share, with a total value of C$74,000.00. Following the acquisition, the director owned 855,000 shares in the company, valued at C$12,654,000. This trade represents a 0.59% increase in their ownership of the stock. Insiders bought 10,452 shares of company stock valued at $151,082 in the last ninety days. Company 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.