Total Energy Services (TSE:TOT) Director Acquires C$36,847.90 in Stock

Total Energy Services Inc. (TSE:TOT) Director Glenn Orval James Dagenais purchased 1,570 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average cost of C$23.47 per share, with a total value of C$36,847.90. Following the completion of the acquisition, the director directly owned 76,595 shares in the company, valued at C$1,797,684.65. The trade was a 2.09% increase in their ownership of the stock.

Total Energy Services Price Performance

TSE:TOT opened at C$21.44 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 13.67. The firm has a market cap of C$781.23 million, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. Total Energy Services Inc. has a 12 month low of C$8.40 and a 12 month high of C$23.80. The company’s 50-day moving average price is C$18.81 and its two-hundred day moving average price is C$16.02.

Total Energy Services (TSE:TOT) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C$1.50 earnings per share for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. The company had revenue of C$301.71 million during the quarter. On average, equities analysts anticipate that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Total Energy Services’s dividend payout ratio (DPR) is currently 20.51%.

Wall Street Analysts Forecast Growth

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

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.