Total Energy Services (TSE:TOT) Announces Earnings Results

Total Energy Services (TSE:TOT) released its quarterly earnings data on Tuesday. The company reported C$0.59 earnings per share (EPS) for the quarter, FiscalAI reports. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. The firm had revenue of C$343.00 million during the quarter.

Total Energy Services Price Performance

TSE TOT traded up C$1.56 during mid-day trading on Thursday, hitting C$34.68. The stock had a trading volume of 137,233 shares, compared to its average volume of 133,316. Total Energy Services has a 52-week low of C$13.51 and a 52-week high of C$40.64. The company has a market cap of C$1.26 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.77 and a beta of 0.48. The company has a 50 day simple moving average of C$35.68 and a 200 day simple moving average of C$26.06. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 8.05.

Total Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. Total Energy Services’s dividend payout ratio (DPR) is presently 18.49%.

Analyst Upgrades and Downgrades

TOT has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a C$41.00 price target on shares of Total Energy Services and gave the stock a “hold” rating in a research note on Thursday, September 24th. ATB Cormark Capital Markets raised their price objective on shares of Total Energy Services from C$36.50 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Total Energy Services has an average rating of “Moderate Buy” and a consensus price target of C$41.50.

Insider Transactions at Total Energy Services

In other news, Director Kenneth Brandon Mullen purchased 1,205 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of C$35.58 per share, with a total value of C$42,873.90. Following the purchase, the director directly owned 26,015 shares of the company’s stock, valued at C$925,613.70. This represents a 4.86% increase in their position. Also, insider Bradley John Macson sold 12,000 shares of Total Energy Services stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$10.06, for a total value of C$120,720.00. Following the transaction, the insider directly owned 190,305 shares of the company’s stock, valued at C$1,914,468.30. This trade represents a 5.93% decrease in their position. In the last three months, insiders have purchased 314,317 shares of company stock valued at $10,820,457 and have sold 33,800 shares valued at $780,360. 7.73% of the stock is owned by corporate 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.