Key Points
- Insider sale: Bradley John Macson sold 20,000 Total Energy Services shares for C$604,200 at an average price of C$30.21, reducing his direct ownership by 9.72% to 185,744 shares.
- Quarterly results: The company reported C$0.72 in quarterly EPS on C$328.96 million in revenue, with a 7.38% net margin and 14.51% return on equity.
- Positive analyst outlook: ATB Cormark raised its price target to C$33.00 and maintained an “outperform” rating; the stock carries a consensus “Buy” rating.
Total Energy Services Inc. (TSE:TOT - Get Free Report) insider Bradley John Macson sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$30.21, for a total transaction of C$604,200.00. Following the sale, the insider directly owned 185,744 shares of the company's stock, valued at C$5,611,326.24. This represents a 9.72% decrease in their ownership of the stock.
Total Energy Services Trading Up 1.4%
TSE:TOT opened at C$30.50 on Friday. Total Energy Services Inc. has a 52 week low of C$12.50 and a 52 week high of C$31.38. The stock's 50 day moving average price is C$24.06 and its 200 day moving average price is C$22.57. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The company has a market capitalization of C$1.12 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.77 and a beta of 0.74.
Total Energy Services (TSE:TOT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. The company had revenue of C$328.96 million during the quarter. On average, research analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, ATB Cormark Capital Markets increased their price target on shares of Total Energy Services from C$32.00 to C$33.00 and gave the company an "outperform" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Total Energy Services presently has an average rating of "Buy" and a consensus target price of C$33.00.
Get Our Latest Analysis on TOT
About Total Energy Services
(
Get Free Report)
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.
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