Total Energy Services (TSE:TOT) Sets New 1-Year High Following Insider Buying Activity

Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during trading on Monday following insider buying activity. The stock traded as high as C$23.80 and last traded at C$23.46, with a volume of 24816 shares changing hands. The stock had previously closed at C$23.39.

Specifically, Director Glenn Orval James Dagenais acquired 1,570 shares of Total Energy Services stock in a transaction that occurred on Monday, March 30th. The stock was acquired at an average price of C$23.47 per share, with a total value of C$36,847.90. Following the purchase, the director owned 76,595 shares in the company, valued at approximately C$1,797,684.65. This trade represents a 2.09% increase in their ownership of the stock. Also, Director George K. Chow acquired 1,600 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was acquired at an average price of C$23.19 per share, with a total value of C$37,104.00. Following the completion of the acquisition, the director directly owned 59,560 shares of the company’s stock, valued at C$1,381,196.40. This represents a 2.76% increase in their position.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised their target price on Total Energy Services from C$20.00 to C$24.00 in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$24.00.

Total Energy Services Stock Performance

The company has a debt-to-equity ratio of 13.67, a current ratio of 1.41 and a quick ratio of 1.09. The firm has a fifty day simple moving average of C$18.58 and a 200 day simple moving average of C$15.92. The company has a market cap of C$839.53 million, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.77 and a beta of 0.99.

Total Energy Services (TSE:TOT) last released its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 EPS for the quarter. The company had revenue of C$301.71 million for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. On average, sell-side analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, March 31st. Total Energy Services’s dividend payout ratio (DPR) is 20.51%.

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.