Insider Selling: Total Energy Services (TSE:TOT) Insider Sells C$757,680.00 in Stock

Total Energy Services Inc. (TSE:TOT) insider Bradley John Macson sold 33,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$22.96, for a total value of C$757,680.00. Following the transaction, the insider owned 167,823 shares of the company’s stock, valued at approximately C$3,853,216.08. The trade was a 16.43% decrease in their ownership of the stock.

Total Energy Services Stock Performance

TOT stock opened at C$21.97 on Friday. The company has a debt-to-equity ratio of 13.67, a quick ratio of 1.09 and a current ratio of 1.41. The stock has a market capitalization of C$800.54 million, a price-to-earnings ratio of 11.27, a PEG ratio of 1.77 and a beta of 0.99. Total Energy Services Inc. has a 1 year low of C$8.40 and a 1 year high of C$23.80. The stock’s fifty day moving average is C$18.93 and its two-hundred day moving average is C$16.06.

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

Total Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a $0.12 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.48 annualized dividend and a yield of 2.2%. Total Energy Services’s dividend payout ratio is 20.51%.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their price target on shares of Total Energy Services from C$20.00 to C$24.00 in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.