Insider Buying: Total Energy Services Inc. (TSE:TOT) Director Buys 1,700 Shares of Stock

Total Energy Services Inc. (TSE:TOT) Director Glenn Orval James Dagenais bought 1,700 shares of Total Energy Services stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of C$9.85 per share, for a total transaction of C$16,737.01.

Total Energy Services Stock Up 4.8%

Shares of TSE TOT opened at C$10.35 on Wednesday. The firm’s 50-day simple moving average is C$9.29 and its 200 day simple moving average is C$10.57. The company has a market cap of C$388.97 million, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. Total Energy Services Inc. has a 12-month low of C$8.40 and a 12-month high of C$12.44.

Total Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.10 per share. This is an increase from Total Energy Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.40 annualized dividend and a yield of 3.86%. Total Energy Services’s dividend payout ratio is 32.21%.

Analyst Upgrades and Downgrades

Separately, ATB Capital boosted their target price on shares of Total Energy Services from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, May 5th.

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.