Q3 Earnings Estimate for TSE:TOT Issued By Atb Cap Markets

Total Energy Services Inc. (TSE:TOT - Free Report) - Equities research analysts at Atb Cap Markets boosted their Q3 2024 earnings per share (EPS) estimates for Total Energy Services in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings per share of $0.52 for the quarter, up from their previous forecast of $0.48. The consensus estimate for Total Energy Services' current full-year earnings is $2.05 per share.

Separately, ATB Capital increased their price target on shares of Total Energy Services from C$16.50 to C$18.00 in a research report on Friday, August 9th.

Total Energy Services Stock Up 1.3 %

Shares of Total Energy Services stock traded up C$0.13 during trading hours on Friday, hitting C$9.80. 25,822 shares of the company's stock traded hands, compared to its average volume of 46,500. The stock has a 50 day simple moving average of C$9.47 and a 200-day simple moving average of C$9.49. 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 company has a market cap of C$380.73 million, a PE ratio of 9.33, a PEG ratio of 1.77 and a beta of 2.02. Total Energy Services has a twelve month low of C$7.36 and a twelve month high of C$10.85.

Total Energy Services (TSE:TOT - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.14. The company had revenue of C$213.33 million during the quarter, compared to the consensus estimate of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%.

Total Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.67%. 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 bought 5,000 shares of the business's stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of C$9.14 per share, with a total value of C$45,700.00. In other Total Energy Services news, Director Daniel Kim Halyk bought 5,000 shares of the business's stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of C$9.14 per share, with a total value of C$45,700.00. Also, insider Total Energy Services Inc bought 279,000 shares of the business's stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of C$9.41 per share, for a total transaction of C$2,624,748.30. Over the last 90 days, insiders have purchased 436,204 shares of company stock valued at $4,141,323. 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.