Atb Cap Markets Has Strong Estimate for TSE:TOT Q3 Earnings

Total Energy Services Inc. (TSE:TOT) – Equities research analysts at Atb Cap Markets raised their Q3 2024 earnings per share estimates for Total Energy Services in a note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.48. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share.

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

Total Energy Services Price Performance

TOT stock opened at C$9.80 on Friday. The firm has a 50 day simple moving average of C$9.47 and a two-hundred day simple moving average of C$9.49. The stock has a market cap of C$380.73 million, a PE ratio of 9.33, a P/E/G ratio of 1.77 and a beta of 2.02. 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 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 issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.14. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. The firm had revenue of C$213.33 million during the quarter, compared to the consensus estimate of C$196.00 million.

Total Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.67%. Total Energy Services’s dividend payout ratio (DPR) is 34.29%.

Insider Activity

In other Total Energy Services news, Director Daniel Kim Halyk purchased 3,900 shares of the stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of C$9.25 per share, with a total value of C$36,075.00. In other news, insider Total Energy Services Inc purchased 134,854 shares of the company’s stock in a transaction on Friday, October 11th. The stock was acquired at an average price of C$9.72 per share, with a total value of C$1,310,416.77. Also, Director Daniel Kim Halyk purchased 3,900 shares of the business’s stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of C$9.25 per share, for a total transaction of C$36,075.00. In the last 90 days, insiders acquired 436,204 shares of company stock valued at $4,141,323. Corporate insiders own 7.73% of the company’s stock.

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.