Q4 Earnings Forecast for TSE:TOT Issued By Atb Cap Markets

Total Energy Services Inc. (TSE:TOT) – Research analysts at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for shares of Total Energy Services in a research report issued to clients and investors on Tuesday, November 12th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $0.38 for the quarter, down from their prior estimate of $0.53. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share. Atb Cap Markets also issued estimates for Total Energy Services’ Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.12 EPS and FY2026 earnings at $2.13 EPS.

Separately, ATB Capital upped their target price on Total Energy Services from C$18.00 to C$19.00 in a report on Tuesday, November 12th.

Total Energy Services Stock Performance

Total Energy Services stock opened at C$11.60 on Friday. The firm’s 50 day simple moving average is C$9.77 and its 200-day simple moving average is C$9.53. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09. Total Energy Services has a fifty-two week low of C$7.36 and a fifty-two week high of C$11.61. The company has a market cap of C$450.66 million, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02.

Total Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio (DPR) is presently 34.29%.

Insiders Place Their Bets

In related news, Director Daniel Kim Halyk acquired 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of C$9.20 per share, for a total transaction of C$46,000.00. Also, insider Total Energy Services Inc acquired 134,854 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were bought at an average price of C$9.72 per share, for a total transaction of C$1,310,416.77. Insiders acquired 431,204 shares of company stock valued at $4,096,630 over the last ninety days. Corporate insiders own 7.73% of the company’s stock.

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.