Total Energy Services (TSE:TOT) Price Target Raised to C$42.00

Total Energy Services (TSE:TOT) had its target price boosted by ATB Cormark Capital Markets from C$36.50 to C$42.00 in a research note released on Thursday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Separately, Royal Bank Of Canada set a C$41.00 price target on Total Energy Services and gave the stock a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Total Energy Services has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Total Energy Services Trading Down 4.3%

Shares of Total Energy Services stock opened at C$34.93 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05. Total Energy Services has a twelve month low of C$13.00 and a twelve month high of C$37.90. The firm has a market capitalization of C$1.27 billion, a PE ratio of 14.68, a P/E/G ratio of 1.77 and a beta of 0.81. The firm’s 50-day moving average price is C$29.97 and its 200 day moving average price is C$25.49.

Total Energy Services (TSE:TOT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%.The company had revenue of C$328.96 million during the quarter. On average, sell-side analysts predict that Total Energy Services will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 29th. Total Energy Services’s dividend payout ratio is 18.49%.

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc purchased 314,804 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of C$24.01 per share, for a total transaction of C$7,558,444.04. Following the completion of the transaction, the insider owned 326,814 shares of the company’s stock, valued at C$7,846,804.14. The trade was a 2,621.18% increase in their position. Also, Director Kenneth Brandon Mullen acquired 1,205 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of C$35.58 per share, with a total value of C$42,873.90. Following the purchase, the director owned 26,015 shares in the company, valued at C$925,613.70. This represents a 4.86% increase in their position. Over the last ninety days, insiders have bought 317,319 shares of company stock valued at $7,636,909 and have sold 33,800 shares valued at $780,360. 7.73% of the stock is owned by insiders.

Total Energy Services Company Profile

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.