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Total Energy Services Inc Acquires 279,000 Shares of Total Energy Services Inc. (TSE:TOT) Stock

Total Energy Services logo with Energy background

Total Energy Services Inc. (TSE:TOT - Get Free Report) insider Total Energy Services Inc acquired 279,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were purchased at an average price of C$9.41 per share, with a total value of C$2,624,748.30.

Total Energy Services Price Performance

Shares of TSE TOT traded down C$0.04 during midday trading on Tuesday, hitting C$9.50. The company had a trading volume of 65,756 shares, compared to its average volume of 44,957. The business has a 50-day simple moving average of C$9.37 and a two-hundred day simple moving average of C$9.62. Total Energy Services Inc. has a twelve month low of C$7.36 and a twelve month high of C$10.85. 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 firm has a market capitalization of C$369.08 million, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.77 and a beta of 2.04.

Total Energy Services (TSE:TOT - Get Free Report) last released its quarterly earnings data 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 firm 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%. Equities research analysts anticipate that Total Energy Services Inc. will post 1.7183601 earnings per share for the current year.

Total Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, September 30th. Total Energy Services's dividend payout ratio (DPR) is presently 34.29%.

Analysts Set New Price Targets

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


Read Our Latest Research Report on TOT

About Total Energy Services

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Total Energy Services (TSE:TOT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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