Key Points
- Total Energy Services insider purchased 312,412 shares at an average C$34.43 per share, investing approximately C$10.76 million and increasing direct ownership by 3,124.12%.
- The company reported quarterly EPS of C$0.72 on revenue of C$328.96 million, with a 7.38% net margin and 14.51% return on equity.
- Total Energy Services declared a quarterly dividend of C$0.12 per share, equivalent to a C$0.48 annualized payout and a 1.4% yield; analysts maintain a “Moderate Buy” consensus with an average C$41.50 price target.
Total Energy Services Inc. (TSE:TOT - Get Free Report) insider Total Energy Services Inc purchased 312,412 shares of the stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of C$34.43 per share, with a total value of C$10,756,345.16. Following the acquisition, the insider directly owned 322,412 shares in the company, valued at C$11,100,645.16. This trade represents a 3,124.12% increase in their ownership of the stock.
Total Energy Services Trading Up 0.9%
Shares of TOT stock opened at C$34.16 on Friday. The firm has a market cap of C$1.24 billion, a P/E ratio of 14.35, a PEG ratio of 1.77 and a beta of 0.81. Total Energy Services Inc. has a 1-year low of C$13.00 and a 1-year high of C$37.90. 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 firm's 50-day simple moving average is C$30.73 and its 200-day simple moving average is C$25.96.
Total Energy Services (TSE:TOT - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. The firm had revenue of C$328.96 million during the quarter. As a group, equities analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current year.
Total Energy Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Total Energy Services's payout ratio is currently 18.49%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on TOT. Royal Bank Of Canada set a C$41.00 target price on Total Energy Services and gave the stock a "hold" rating in a research report on Thursday, September 24th. ATB Cormark Capital Markets upped their price target on Total Energy Services from C$36.50 to C$42.00 and gave the stock an "outperform" rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$41.50.
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About Total Energy Services
(
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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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