Total Energy Services Inc Buys 46,738 Shares of Total Energy Services (TSE:TOT) Stock

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc bought 46,738 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were bought at an average price of C$21.78 per share, with a total value of C$1,017,953.64. Following the purchase, the insider owned 46,738 shares in the company, valued at C$1,017,953.64. The trade was a ∞ increase in their position.

Total Energy Services Stock Performance

TSE TOT opened at C$21.71 on Friday. The firm has a 50-day moving average of C$20.20 and a 200-day moving average of C$16.71. The company has a debt-to-equity ratio of 13.67, a quick ratio of 1.09 and a current ratio of 1.41. The stock has a market cap of C$797.02 million, a PE ratio of 11.13, a P/E/G ratio of 1.77 and a beta of 0.34. Total Energy Services Inc. has a 52-week low of C$8.79 and a 52-week high of C$23.80.

Total Energy Services (TSE:TOT) last posted its earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share (EPS) for the quarter. The company had revenue of C$301.71 million during 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 anticipate that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Total Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.12 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.48 annualized dividend and a yield of 2.2%. Total Energy Services’s payout ratio is 20.51%.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets lifted their price objective on shares of Total Energy Services from C$20.00 to C$24.00 in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Total Energy Services currently has a consensus rating of “Buy” and a consensus target price of C$24.00.

About Total Energy Services

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.