Total Energy Services Inc. (TSE:TOT) Insider Total Energy Services Inc Buys 279,000 Shares

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc acquired 279,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of C$9.41 per share, with a total value of C$2,624,748.30.

Total Energy Services Stock Performance

TOT opened at C$9.28 on Thursday. The firm has a market cap of C$360.53 million, a P/E ratio of 8.84, a PEG ratio of 1.77 and a beta of 2.04. Total Energy Services Inc. has a 1-year low of C$7.36 and a 1-year high of C$10.85. The company has a 50 day simple moving average of C$9.37 and a two-hundred day simple moving average of C$9.62. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.14. The business had revenue of C$213.33 million for the quarter, compared to analysts’ expectations of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. Equities analysts forecast that Total Energy Services Inc. will post 1.7183601 earnings per share for the current fiscal year.

Total Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Monday, September 30th. Total Energy Services’s dividend payout ratio (DPR) is currently 34.29%.

Wall Street Analyst Weigh In

Separately, ATB Capital raised their price objective on Total Energy Services from C$16.50 to C$18.00 in a research note on Friday, August 9th.

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.