Total Energy Services (TSE:TOT) Insider Sells C$424,800.00 in Stock

Total Energy Services Inc. (TSE:TOT) 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 transaction of C$424,800.00. Following the completion of the transaction, the insider owned 225,211 shares in the company, valued at C$5,314,979.60. This represents a 7.40% decrease in their ownership of the stock.

Total Energy Services Stock Down 5.6%

TOT stock opened at C$21.44 on Thursday. The stock has a market cap of C$781.23 million, a P/E ratio of 10.99, a PEG ratio of 1.77 and a beta of 0.99. The company has a current ratio of 1.41, a quick ratio of 1.09 and a debt-to-equity ratio of 13.67. Total Energy Services Inc. has a twelve month low of C$8.40 and a twelve month high of C$23.80. The company’s 50 day moving average is C$18.81 and its two-hundred day moving average is C$16.02.

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

Total Energy Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.