ATB Capital Forecasts Strong Price Appreciation for Total Energy Services (TSE:TOT) Stock

Total Energy Services (TSE:TOT) had its price objective raised by stock analysts at ATB Capital from C$18.00 to C$19.00 in a research note issued on Tuesday,BayStreet.CA reports. ATB Capital’s target price suggests a potential upside of 79.75% from the stock’s current price.

Total Energy Services Stock Down 0.8 %

TSE:TOT traded down C$0.08 during trading hours on Tuesday, hitting C$10.57. 65,803 shares of the company traded hands, compared to its average volume of 46,919. Total Energy Services has a one year low of C$7.36 and a one year high of C$10.85. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. The firm’s 50-day simple moving average is C$9.61 and its 200-day simple moving average is C$9.49. The company has a market cap of C$410.64 million, a PE ratio of 10.07, a PEG ratio of 1.77 and a beta of 2.02.

Insider Buying and Selling

In other news, insider Total Energy Services Inc bought 134,854 shares of Total Energy Services stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average price of C$9.72 per share, with a total value of C$1,310,416.77. In other news, Director Daniel Kim Halyk bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of C$9.14 per share, for a total transaction of C$45,700.00. Also, insider Total Energy Services Inc purchased 134,854 shares of Total Energy Services stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average price of C$9.72 per share, for a total transaction of C$1,310,416.77. Insiders acquired a total of 435,354 shares of company stock worth $4,133,337 over the last ninety days. 7.73% of the stock is owned by corporate insiders.

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.