TSE:TOT FY2024 EPS Forecast Reduced by Atb Cap Markets

Total Energy Services Inc. (TSE:TOT) – Analysts at Atb Cap Markets reduced their FY2024 earnings per share estimates for Total Energy Services in a report released on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $1.55 for the year, down from their previous estimate of $1.56. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share. Atb Cap Markets also issued estimates for Total Energy Services’ Q4 2024 earnings at $0.36 EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.57 EPS and FY2027 earnings at $2.04 EPS.

Other research analysts have also recently issued reports about the company. ATB Capital lifted their price objective on Total Energy Services from C$18.00 to C$19.00 in a research report on Tuesday, November 12th. TD Securities lowered their price objective on Total Energy Services from C$19.00 to C$18.00 in a research report on Tuesday.

Total Energy Services Stock Down 2.1 %

TOT stock opened at C$11.75 on Thursday. Total Energy Services has a twelve month low of C$7.46 and a twelve month high of C$12.39. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. The stock has a market cap of C$456.49 million, a P/E ratio of 11.39, a PEG ratio of 1.77 and a beta of 2.02. The business’s 50-day moving average price is C$10.73 and its 200-day moving average price is C$9.84.

Insider Activity

In related news, Senior Officer Ashley Desiree Ting sold 9,000 shares of Total Energy Services stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of C$11.15, for a total transaction of C$100,350.00. Also, insider Total Energy Services Inc bought 134,854 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average cost of C$9.72 per share, for a total transaction of C$1,310,416.77. Insiders have purchased a total of 155,347 shares of company stock valued at $1,512,890 in the last ninety days. 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.