Total Energy Services (TOT) to Release Earnings on Thursday

Total Energy Services (TSE:TOT) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.48 per share for the quarter.

Total Energy Services (TSE:TOT) last posted its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.14. The company had revenue of C$213.33 million during the quarter, compared to analyst estimates of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%.

Total Energy Services Stock Performance

Shares of TSE:TOT opened at C$10.14 on Wednesday. The firm’s 50 day simple moving average is C$9.53 and its 200 day simple moving average is C$9.47. Total Energy Services has a fifty-two week low of C$7.36 and a fifty-two week high of C$10.85. The company has a market capitalization of C$393.94 million, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.77 and a beta of 2.02. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, September 27th. Total Energy Services’s payout ratio is presently 34.29%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Total Energy Services

In related news, insider Total Energy Services Inc purchased 279,000 shares of Total Energy Services stock in a transaction dated Friday, August 30th. The stock was bought at an average price of C$9.41 per share, for a total transaction of C$2,624,748.30. In other news, Director Daniel Kim Halyk bought 3,900 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$9.25 per share, for a total transaction of C$36,075.00. Also, insider Total Energy Services Inc purchased 279,000 shares of Total Energy Services stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of C$9.41 per share, with a total value of C$2,624,748.30. Insiders have acquired a total of 436,204 shares of company stock valued at $4,141,323 over the last 90 days. 7.73% of the stock is owned by company 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.