Total Energy Services (TSE:TOT) Announces Quarterly Earnings Results

Total Energy Services (TSE:TOT) released its quarterly earnings results on Wednesday. The company reported C$0.72 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$328.96 million during the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%.

Total Energy Services Stock Performance

TOT traded up C$0.41 during trading hours on Friday, hitting C$30.14. The company’s stock had a trading volume of 150,210 shares, compared to its average volume of 109,553. The firm has a market capitalization of C$1.11 billion, a PE ratio of 14.28, a PEG ratio of 1.77 and a beta of 0.74. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 11.42. Total Energy Services has a fifty-two week low of C$12.05 and a fifty-two week high of C$30.78. The company has a 50-day simple moving average of C$23.46 and a 200 day simple moving average of C$22.07.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets lifted their price target on Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$33.00.

Insider Activity at Total Energy Services

In other news, insider William John George Kosich sold 87,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$22.77, for a total value of C$1,980,990.00. Following the completion of the sale, the insider owned 172,221 shares in the company, valued at C$3,921,472.17. This represents a 33.56% decrease in their ownership of the stock. Also, Director Glenn Orval James Dagenais purchased 1,570 shares of the stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of C$22.08 per share, for a total transaction of C$34,665.60. Following the completion of the acquisition, the director owned 78,165 shares in the company, valued at C$1,725,883.20. This represents a 2.05% increase in their ownership of the stock. In the last 90 days, insiders purchased 326,984 shares of company stock valued at $7,845,413. 7.73% of the stock is currently owned by 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.