Equities Analysts Set Expectations for Total Energy Services Inc’s FY2017 Earnings (TOT)

Total Energy Services Inc (TSE:TOT) – Analysts at Cormark issued their FY2017 earnings estimates for Total Energy Services in a research note issued to investors on Thursday. Cormark analyst J. Zhang forecasts that the company will earn ($0.12) per share for the year. Cormark also issued estimates for Total Energy Services’ Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.16 EPS and Q3 2018 earnings at $0.14 EPS.

Several other analysts also recently issued reports on the company. GMP Securities increased their price target on Total Energy Services from C$18.00 to C$20.00 in a report on Monday, November 13th. BMO Capital Markets increased their price target on Total Energy Services from C$14.00 to C$17.00 in a report on Monday, November 13th.

Shares of Total Energy Services (TOT) opened at C$14.40 on Friday. Total Energy Services has a twelve month low of C$11.24 and a twelve month high of C$16.00.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. Total Energy Services’s dividend payout ratio is presently -75.00%.

In other Total Energy Services news, Director Bruce Lawrence Pachkowski bought 2,500 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of C$15.00 per share, for a total transaction of C$37,500.00. Insiders have bought 5,040 shares of company stock valued at $74,506 over the last 90 days.

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About Total Energy Services

Total Energy Services Inc is a Canada-based energy services company. The Company through operating divisions, wholly-owned subsidiaries and limited partnerships is involved in three business areas: contract drilling services (Chinook Drilling), rentals and transportation services (Total Oilfield Rentals); and the fabrication, sale, rental and servicing of new and used equipment for both oil and gas processing (Spectrum Process Systems) and gas compression (Bidell Gas Compression).

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