Total Energy Services (TSE:TOT) Sets New 52-Week High – Here’s What Happened

Total Energy Services Inc. (TSE:TOT) hit a new 52-week high on Wednesday . The company traded as high as C$27.58 and last traded at C$26.75, with a volume of 323660 shares trading hands. The stock had previously closed at C$26.05.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets boosted their price objective on 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 MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$24.00.

Total Energy Services Stock Performance

The firm has a market cap of C$982.05 million, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.54. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 11.42. The stock has a fifty day moving average price of C$22.60 and a 200-day moving average price of C$18.14.

Total Energy Services (TSE:TOT) last released its earnings results on Tuesday, May 12th. The company reported C$0.65 earnings per share (EPS) for the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%.The business had revenue of C$314.90 million for the quarter. On average, analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Total Energy Services’s dividend payout ratio is currently 19.91%.

Insider Activity

In other Total Energy Services news, Director Glenn Orval James Dagenais acquired 1,570 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately C$1,797,684.65. The trade was a 2.09% increase in their position. Also, insider William John George Kosich sold 18,000 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$23.60, for a total value of C$424,800.00. Following the transaction, the insider directly owned 225,211 shares in the company, valued at C$5,314,979.60. This represents a 7.40% decrease in their position. Insiders have acquired a total of 49,908 shares of company stock valued at $1,091,906 over the last three months. 7.73% of the stock is currently owned by corporate 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.