Glenn Orval James Dagenais Buys 2,300 Shares of Total Energy Services Inc. (TSE:TOT) Stock

Total Energy Services Inc. (TSE:TOT) Director Glenn Orval James Dagenais purchased 2,300 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were acquired at an average price of C$9.23 per share, with a total value of C$21,229.00.

Total Energy Services Stock Down 0.1 %

Total Energy Services stock traded down C$0.01 during trading on Friday, hitting C$9.16. 30,183 shares of the company were exchanged, compared to its average volume of 48,230. The company has a market capitalization of C$365.94 million, a P/E ratio of 9.07, a PEG ratio of 1.77 and a beta of 2.09. The business’s 50 day moving average is C$9.92 and its 200 day moving average is C$9.07. Total Energy Services Inc. has a 52 week low of C$7.36 and a 52 week high of C$10.85. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 20.49.

Total Energy Services (TSE:TOT) last posted its earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.35 by C($0.54). The firm had revenue of C$213.76 million during the quarter, compared to the consensus estimate of C$218.00 million. Total Energy Services had a return on equity of 7.90% and a net margin of 4.66%. Analysts predict that Total Energy Services Inc. will post 1.8544061 earnings per share for the current year.

Total Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.93%. This is a boost from Total Energy Services’s previous quarterly dividend of $0.08. Total Energy Services’s dividend payout ratio (DPR) is currently 35.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TOT shares. ATB Capital lifted their price objective on shares of Total Energy Services from C$16.75 to C$17.00 in a report on Monday, March 11th. Stifel Nicolaus lifted their price target on Total Energy Services from C$15.00 to C$16.00 in a research note on Monday, March 11th.

Total Energy Services Company Profile

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.