Insider Buying: Total Energy Services (TSE:TOT) Insider Acquires C$10,756,345.16 in Stock

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc purchased 312,412 shares of Total Energy Services stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of C$34.43 per share, with a total value of C$10,756,345.16. Following the acquisition, the insider owned 322,412 shares in the company, valued at approximately C$11,100,645.16. This represents a 3,124.12% increase in their position.

Total Energy Services Price Performance

TSE TOT opened at C$34.19 on Friday. The company has a market cap of C$1.24 billion, a PE ratio of 14.37, a P/E/G ratio of 1.77 and a beta of 0.67. Total Energy Services Inc. has a 52-week low of C$13.00 and a 52-week high of C$37.90. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The firm’s 50 day moving average price is C$30.92 and its 200-day moving average price is C$26.01.

Total Energy Services (TSE:TOT) last announced its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%.The business had revenue of C$328.96 million for the quarter. Sell-side analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Total Energy Services’s dividend payout ratio (DPR) is presently 18.49%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOT. Royal Bank Of Canada set a C$41.00 price target on shares of Total Energy Services and gave the company a “hold” rating in a research report on Thursday, September 24th. ATB Cormark Capital Markets lifted their price target on shares of Total Energy Services from C$36.50 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$41.50.

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.