Insider Buying: Total Energy Services Inc. (TSE:TOT) Insider Buys C$2,624,748.30 in Stock

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc acquired 279,000 shares of Total Energy Services stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of C$9.41 per share, with a total value of C$2,624,748.30.

Total Energy Services Stock Performance

TSE TOT opened at C$9.27 on Friday. Total Energy Services Inc. has a fifty-two week low of C$7.36 and a fifty-two week high of C$10.85. The stock has a market cap of C$360.14 million, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.77 and a beta of 2.04. The business has a fifty day moving average of C$9.37 and a 200-day moving average of C$9.62. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21.

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

Total Energy Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, ATB Capital lifted their price objective on Total Energy Services from C$16.50 to C$18.00 in a report 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.