Total Energy Services (TSE:TOT) Price Target Raised to C$19.50

Total Energy Services (TSE:TOT) had its price objective lifted by ATB Capital from C$18.00 to C$19.50 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Total Energy Services Stock Down 0.7%

Shares of TSE:TOT opened at C$14.03 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. Total Energy Services has a 52-week low of C$8.40 and a 52-week high of C$14.74. The stock’s fifty day simple moving average is C$13.56 and its 200-day simple moving average is C$11.56. The company has a market capitalization of C$516.67 million, a P/E ratio of 8.25, a P/E/G ratio of 1.77 and a beta of 1.18.

Total Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a dividend of $0.10 per share. The ex-dividend date was Monday, September 29th. This represents a $0.40 annualized dividend and a yield of 2.9%. Total Energy Services’s dividend payout ratio is 22.35%.

Insider Buying and Selling

In other Total Energy Services news, Director Daniel Kim Halyk bought 3,500 shares of Total Energy Services stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average cost of C$13.10 per share, for a total transaction of C$45,850.00. Following the completion of the transaction, the director owned 2,145,000 shares of the company’s stock, valued at C$28,099,500. This represents a 0.16% increase in their position. Also, insider Total Energy Services Inc bought 148,923 shares of Total Energy Services stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average price of C$12.59 per share, for a total transaction of C$1,874,925.68. Following the completion of the transaction, the insider directly owned 148,923 shares of the company’s stock, valued at C$1,874,925.68. This trade represents a ∞ increase in their position. Over the last ninety days, insiders have acquired 157,275 shares of company stock worth $1,988,654. 7.73% of the stock is owned by company insiders.

About Total Energy Services

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.