Total Energy Services (TSE:TOT) Stock Price Up 5.8% – Here’s Why

Shares of Total Energy Services Inc. (TSE:TOT) rose 5.8% on Wednesday . The company traded as high as C$26.20 and last traded at C$24.93. Approximately 108,434 shares changed hands during trading, an increase of 14% from the average daily volume of 94,947 shares. The stock had previously closed at C$23.56.

Analyst Ratings Changes

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

Total Energy Services Price Performance

The stock has a fifty day moving average of C$22.15 and a 200-day moving average of C$17.88. 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 stock has a market capitalization of C$926.98 million, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.77 and a beta of 0.54.

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

Total Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Total Energy Services’s dividend payout ratio is presently 20.51%.

Insiders Place Their Bets

In other news, Director George K. Chow acquired 1,600 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was acquired at an average cost of C$23.19 per share, with a total value of C$37,104.00. Following the completion of the acquisition, the director owned 59,560 shares of the company’s stock, valued at C$1,381,196.40. The trade was a 2.76% increase in their ownership of the stock. Also, insider William John George Kosich sold 18,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$23.60, for a total value of C$424,800.00. Following the completion of the sale, the insider directly owned 225,211 shares of the company’s stock, valued at C$5,314,979.60. The trade was a 7.40% decrease in their ownership of the stock. In the last three months, insiders acquired 49,908 shares of company stock valued at $1,091,906. 7.73% of the stock is owned by insiders.

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.