Total Energy Services (TSE:TOT) Price Target Raised to C$19.00

Total Energy Services (TSE:TOT) had its price objective raised by ATB Capital from C$18.00 to C$19.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Total Energy Services Stock Performance

Shares of TOT stock opened at C$11.47 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The firm has a fifty day simple moving average of C$9.67 and a two-hundred day simple moving average of C$9.50. Total Energy Services has a 12 month low of C$7.36 and a 12 month high of C$11.49. The firm has a market capitalization of C$445.61 million, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02.

Total Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s payout ratio is currently 34.29%.

Insider Buying and Selling at Total Energy Services

In related news, insider Total Energy Services Inc purchased 279,000 shares of Total Energy Services stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of C$9.41 per share, for a total transaction of C$2,624,748.30. Also, Director Daniel Kim Halyk acquired 5,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of C$9.20 per share, for a total transaction of C$46,000.00. In the last 90 days, insiders bought 431,204 shares of company stock worth $4,096,630. Insiders own 7.73% of the company’s stock.

Total Energy Services Company Profile

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.