Total Energy Services (TSE:TOT) Director Acquires C$74,000.00 in Stock

Total Energy Services Inc. (TSE:TOT) Director Daniel Kim Halyk acquired 5,000 shares of Total Energy Services stock in a transaction dated Thursday, December 18th. The shares were acquired at an average cost of C$14.80 per share, with a total value of C$74,000.00. Following the completion of the acquisition, the director directly owned 855,000 shares in the company, valued at C$12,654,000. This trade represents a 0.59% increase in their position.

Total Energy Services Price Performance

Shares of Total Energy Services stock traded down C$0.13 during midday trading on Thursday, reaching C$14.72. The company had a trading volume of 56,798 shares, compared to its average volume of 57,970. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. Total Energy Services Inc. has a 1-year low of C$8.40 and a 1-year high of C$15.59. The company has a market capitalization of C$542.08 million, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The stock has a fifty day simple moving average of C$14.27 and a 200 day simple moving average of C$12.89.

Total Energy Services (TSE:TOT) last released its quarterly earnings results on Wednesday, November 12th. The company reported C$0.38 EPS for the quarter. The company had revenue of C$260.70 million for the quarter. Total Energy Services had a return on equity of 7.84% and a net margin of 4.90%. As a group, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Total Energy Services Announces Dividend

The business also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, September 29th. Total Energy Services’s dividend payout ratio is currently 24.38%.

Wall Street Analysts Forecast Growth

Separately, ATB Capital boosted their price objective on Total Energy Services from C$18.00 to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Total Energy Services has an average rating of “Buy” and a consensus target price of C$19.50.

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.