Total Energy Services (TSE:TOT) Insider Total Energy Services Inc Acquires 312,412 Shares of Company Stock

Total Energy Services Inc. (TSE:TOT – Get Free Report) insider Total Energy Services Inc bought 312,412 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of C$34.43 per share, with a total value of C$10,756,345.16. Following the completion of the transaction, the insider directly owned 322,412 shares of the company’s stock, valued at approximately C$11,100,645.16. The trade was a 3,124.12% increase in their ownership of the stock.

Total Energy Services Stock Performance

Shares of TSE TOT traded up C$0.38 during trading on Thursday, reaching C$34.25. 111,701 shares of the stock traded hands, compared to its average volume of 125,175. The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09. The stock has a market capitalization of C$1.25 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Total Energy Services Inc. has a 52-week low of C$13.00 and a 52-week high of C$37.90. The company has a 50-day moving average of C$30.56 and a 200-day moving average of C$25.86.

Total Energy Services (TSE:TOT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. The business had revenue of C$328.96 million for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. Analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 29th. Total Energy Services’s payout ratio is currently 18.49%.

Analysts Set New Price Targets

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

View Our Latest Analysis on Total Energy Services

About Total Energy Services

(Get Free Report)

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.

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