Total Energy Services (TSE:TOT) Given New C$18.00 Price Target at ATB Capital

Total Energy Services (TSE:TOT) had its target price raised by ATB Capital from C$16.50 to C$18.00 in a research note published on Friday morning, BayStreet.CA reports.

Total Energy Services Trading Up 0.5 %

Shares of TSE TOT opened at C$9.25 on Friday. Total Energy Services has a 1-year low of C$7.36 and a 1-year high of C$10.85. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The company has a 50-day moving average of C$9.39 and a two-hundred day moving average of C$9.63. The company has a market cap of C$369.35 million, a PE ratio of 11.28, a P/E/G ratio of 1.77 and a beta of 2.04.

Total Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 3.89%. Total Energy Services’s dividend payout ratio (DPR) is currently 43.90%.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk bought 3,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were bought at an average cost of C$9.15 per share, for a total transaction of C$27,450.00. In other Total Energy Services news, Director Daniel Kim Halyk bought 3,000 shares of the stock in a transaction on Monday, July 8th. The stock was purchased at an average price of C$9.15 per share, with a total value of C$27,450.00. Also, insider Total Energy Services Inc purchased 815,543 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average cost of C$9.60 per share, for a total transaction of C$7,832,719.63. Insiders bought a total of 894,843 shares of company stock worth $8,576,513 over the last 90 days. 7.63% of the stock is owned by insiders.

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.