Total Energy Services (TSE:TOT) Stock Price Expected to Rise, ATB Capital Analyst Says

Total Energy Services (TSE:TOT) had its target price upped by research analysts at ATB Capital from C$18.00 to C$19.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. ATB Capital’s price target points to a potential upside of 70.25% from the stock’s current price.

Total Energy Services Price Performance

Total Energy Services stock opened at C$11.16 on Tuesday. The firm has a 50-day moving average price of C$9.64 and a 200-day moving average price of C$9.49. The firm has a market capitalization of C$433.57 million, a PE ratio of 10.50, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. Total Energy Services has a 12-month low of C$7.36 and a 12-month high of C$11.38.

Insider Transactions at Total Energy Services

In related news, Director Daniel Kim Halyk bought 5,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of C$9.20 per share, with a total value of C$46,000.00. In other Total Energy Services news, Director Daniel Kim Halyk acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of C$9.20 per share, for a total transaction of C$46,000.00. Also, insider Total Energy Services Inc bought 134,854 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was purchased at an average price of C$9.72 per share, with a total value of C$1,310,416.77. Insiders have bought a total of 431,204 shares of company stock valued at $4,096,630 in the last 90 days. Insiders own 7.73% of the company’s stock.

About Total Energy Services

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.