Total Energy Services (TSE:TOT) Reaches New 12-Month High Following Dividend Announcement

Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The company traded as high as C$14.49 and last traded at C$14.20, with a volume of 8104 shares changing hands. The stock had previously closed at C$14.13.

The newly announced dividend which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, September 29th. Total Energy Services’s payout ratio is presently 22.35%.

Total Energy Services Price Performance

The stock has a market cap of C$543.29 million, a PE ratio of 8.59, a P/E/G ratio of 1.77 and a beta of 1.24. The business has a 50 day moving average price of C$12.75 and a two-hundred day moving average price of C$10.97. The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40.

Insider Transactions at Total Energy Services

In related news, Director Daniel Kim Halyk acquired 3,500 shares of the stock in a transaction on Wednesday, September 3rd. The shares were acquired at an average price of C$13.10 per share, with a total value of C$45,850.00. Following the completion of the transaction, the director owned 2,145,000 shares in the company, valued at approximately C$28,099,500. The trade was a 0.16% increase in their position. Also, insider Total Energy Services Inc acquired 148,923 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of C$12.59 per share, for a total transaction of C$1,874,925.68. Following the purchase, the insider owned 148,923 shares of the company’s stock, valued at C$1,874,925.68. The trade was a ∞ increase in their position. Insiders have purchased 197,423 shares of company stock valued at $2,410,214 in the last 90 days. 7.73% of the stock is currently owned by corporate insiders.

Total Energy Services Company Profile

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company’s operations are conducted in Canada, the United States of America, and Australia.