Total Energy Services (TSE:TOT) Releases Quarterly Earnings Results

Total Energy Services (TSE:TOT) issued its quarterly earnings results on Wednesday. The company reported C$0.72 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$328.96 million during the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%.

Total Energy Services Stock Performance

Shares of TOT opened at C$25.31 on Thursday. The company has a market cap of C$927.99 million, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.77 and a beta of 0.74. The business’s fifty day simple moving average is C$23.38 and its two-hundred day simple moving average is C$21.98. Total Energy Services has a 12 month low of C$12.05 and a 12 month high of C$27.58. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 11.42.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets increased their price objective on shares of Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$33.00.

Insiders Place Their Bets

In other Total Energy Services news, Director Glenn Orval James Dagenais acquired 1,570 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of C$22.08 per share, with a total value of C$34,665.60. Following the completion of the transaction, the director directly owned 78,165 shares of the company’s stock, valued at approximately C$1,725,883.20. This represents a 2.05% increase in their position. Also, insider Total Energy Services Inc acquired 314,804 shares of Total Energy Services stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the acquisition, the insider directly owned 326,814 shares in the company, valued at C$7,846,804.14. This represents a 2,621.18% increase in their position. Insiders have bought 326,984 shares of company stock worth $7,845,413 over the last three months. Company insiders own 7.73% of the company’s stock.

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.