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

Total Energy Services (TSE:TOT) had its price target hoisted by ATB Capital from C$18.00 to C$19.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Total Energy Services Stock Performance

Shares of Total Energy Services stock opened at C$11.60 on Tuesday. The business’s fifty day simple moving average is C$9.72 and its 200 day simple moving average is C$9.52. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The firm has a market capitalization of C$450.66 million, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. Total Energy Services has a 12 month low of C$7.36 and a 12 month high of C$11.61.

Total Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 3.10%. Total Energy Services’s payout ratio is 34.29%.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of C$9.20 per share, with a total value of C$46,000.00. Also, insider Total Energy Services Inc purchased 134,854 shares of the business’s stock in a transaction on Friday, October 11th. The shares were purchased at an average price of C$9.72 per share, with a total value of C$1,310,416.77. Over the last ninety days, insiders bought 431,204 shares of company stock worth $4,096,630. Company insiders own 7.73% of the company’s stock.

Total Energy Services Company Profile

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.