ATB Capital Issues Positive Forecast for Total Energy Services (TSE:TOT) Stock Price

Total Energy Services (TSE:TOT) had its target price increased by investment analysts at ATB Capital from C$18.00 to C$19.00 in a research report issued on Tuesday,BayStreet.CA reports. ATB Capital’s price target would indicate a potential upside of 79.75% from the company’s current price.

Total Energy Services Stock Performance

Shares of Total Energy Services stock traded down C$0.08 during midday trading on Tuesday, hitting C$10.57. The company had a trading volume of 65,803 shares, compared to its average volume of 46,919. The business’s 50 day simple moving average is C$9.61 and its two-hundred day simple moving average is C$9.49. The stock has a market cap of C$410.64 million, a PE ratio of 10.07, a P/E/G ratio of 1.77 and a beta of 2.02. Total Energy Services has a 1-year low of C$7.36 and a 1-year high of C$10.85. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09.

Insider Buying and Selling

In related news, insider Total Energy Services Inc acquired 279,000 shares of Total Energy Services stock in a transaction on Friday, August 30th. The stock was purchased at an average cost of C$9.41 per share, with a total value of C$2,624,748.30. In other Total Energy Services news, Director Daniel Kim Halyk bought 5,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of C$9.20 per share, with a total value of C$46,000.00. Also, insider Total Energy Services Inc acquired 279,000 shares of Total Energy Services stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of C$9.41 per share, for a total transaction of C$2,624,748.30. Over the last three months, insiders bought 435,354 shares of company stock worth $4,133,337. 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.