Insider Buying: Total Energy Services Inc. (TSE:TOT) Insider Acquires 49,000 Shares of Stock

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc purchased 49,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of C$11.91 per share, for a total transaction of C$583,433.20.

Total Energy Services Stock Up 1.1 %

TOT stock opened at C$11.84 on Friday. The firm has a market capitalization of C$459.98 million, a PE ratio of 11.28, a P/E/G ratio of 1.77 and a beta of 2.02. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. Total Energy Services Inc. has a twelve month low of C$8.49 and a twelve month high of C$12.39. The stock’s 50 day moving average is C$11.66 and its 200-day moving average is C$10.24.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Securities lowered their target price on Total Energy Services from C$19.00 to C$18.00 in a research report on Tuesday, December 10th. ATB Capital raised their price objective on shares of Total Energy Services from C$18.00 to C$19.00 in a research note on Tuesday, November 12th.

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.