Total Energy Services Inc. (TSE:TOT) Director Glenn Orval James Dagenais Acquires 1,700 Shares

Total Energy Services Inc. (TSE:TOT) Director Glenn Orval James Dagenais acquired 1,700 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of C$9.27 per share, with a total value of C$15,756.96.

Total Energy Services Stock Performance

Shares of TSE TOT traded down C$0.01 during midday trading on Thursday, reaching C$9.27. The company’s stock had a trading volume of 25,183 shares, compared to its average volume of 45,327. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09. The stock has a market capitalization of C$360.14 million, a P/E ratio of 8.84, a PEG ratio of 1.77 and a beta of 2.04. The firm has a 50 day moving average price of C$9.37 and a 200-day moving average price of C$9.62. Total Energy Services Inc. has a 12-month low of C$7.36 and a 12-month high of C$10.85.

Total Energy Services (TSE:TOT) last announced its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.25 by C$0.14. The firm had revenue of C$213.33 million during the quarter, compared to analyst estimates of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. As a group, equities analysts predict that Total Energy Services Inc. will post 1.7183601 earnings per share for the current year.

Total Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Monday, September 30th. Total Energy Services’s dividend payout ratio is currently 34.29%.

Wall Street Analysts Forecast Growth

Separately, ATB Capital raised their price objective on Total Energy Services from C$16.50 to C$18.00 in a research note on Friday, August 9th.

About Total Energy Services

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.