Total Energy Services (TSE:TOT) Issues Earnings Results

Total Energy Services (TSE:TOT) posted its quarterly earnings results on Tuesday. The company reported C$0.59 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$343.00 million for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%.

Total Energy Services Trading Up 4.9%

TSE TOT traded up C$1.61 during mid-day trading on Thursday, reaching C$34.73. 147,940 shares of the stock were exchanged, compared to its average volume of 133,316. Total Energy Services has a 1-year low of C$13.51 and a 1-year high of C$40.64. The business’s fifty day simple moving average is C$35.68 and its 200 day simple moving average is C$26.06. The stock has a market capitalization of C$1.26 billion, a PE ratio of 14.59, a PEG ratio of 1.77 and a beta of 0.48. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24.

Total Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Total Energy Services’s dividend payout ratio (DPR) is 18.49%.

Insider Activity

In other Total Energy Services news, Director Kenneth Brandon Mullen purchased 1,205 shares of Total Energy Services stock in a transaction on Monday, September 21st. The shares were bought at an average price of C$35.58 per share, with a total value of C$42,873.90. Following the purchase, the director directly owned 26,015 shares in the company, valued at C$925,613.70. This trade represents a 4.86% increase in their position. Also, Director George K. Chow sold 1,800 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$30.80, for a total value of C$55,440.00. Following the sale, the director owned 1,800 shares in the company, valued at C$55,440. This trade represents a 50.00% decrease in their position. Over the last quarter, insiders bought 314,317 shares of company stock valued at $10,820,457 and sold 33,800 shares valued at $780,360. Company insiders own 7.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada set a C$41.00 price target on Total Energy Services and gave the stock a “hold” rating in a research note on Thursday, September 24th. ATB Cormark Capital Markets raised their target price on shares of Total Energy Services from C$36.50 to C$42.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$41.50.

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.