Insider Buying: Total Energy Services Inc. (TSE:TOT) Insider Buys 33,900 Shares of Stock

Total Energy Services Inc. (TSE:TOT – Get Rating) insider Total Energy Services Inc purchased 33,900 shares of the stock in a transaction dated Tuesday, May 31st. The shares were acquired at an average cost of C$8.89 per share, for a total transaction of C$301,482.87. Following the completion of the acquisition, the insider now directly owns 33,900 shares of the company’s stock, valued at approximately C$301,482.87.
Total Energy Services Inc also recently made the following trade(s):
- On Friday, April 29th, Total Energy Services Inc purchased 135,500 shares of Total Energy Services stock. The shares were acquired at an average cost of C$7.90 per share, for a total transaction of C$1,070,666.80.
- On Thursday, March 31st, Total Energy Services Inc purchased 240,000 shares of Total Energy Services stock. The shares were acquired at an average cost of C$7.12 per share, for a total transaction of C$1,709,088.00.
Shares of TSE:TOT traded up C$0.02 during midday trading on Wednesday, reaching C$9.29. The company had a trading volume of 73,102 shares, compared to its average volume of 98,183. The company has a debt-to-equity ratio of 36.83, a quick ratio of 1.14 and a current ratio of 1.89. Total Energy Services Inc. has a 1-year low of C$3.58 and a 1-year high of C$9.50. The firm has a market cap of C$393.29 million and a price-to-earnings ratio of 71.31. The company has a fifty day simple moving average of C$8.40 and a two-hundred day simple moving average of C$7.00.
Total Energy Services (TSE:TOT – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03). The company had revenue of C$161.45 million during the quarter, compared to analyst estimates of C$153.00 million. Analysts expect that Total Energy Services Inc. will post 0.7254487 EPS for the current year.
A number of research analysts have recently commented on TOT shares. ATB Capital raised their price target on Total Energy Services from C$10.75 to C$12.25 and gave the company an “outperform” rating in a report on Friday, March 11th. Canaccord Genuity Group raised their target price on Total Energy Services from C$10.00 to C$11.00 in a research note on Thursday, March 17th. Finally, BMO Capital Markets raised Total Energy Services to a “buy” rating and set a C$11.00 target price for the company in a research note on Thursday, May 12th.
About Total Energy Services (Get Rating)
Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.
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