Total Energy Services Inc. (TSE:TOT) Director Purchases C$658,000.00 in Stock

Total Energy Services Inc. (TSE:TOT) Director Daniel Kim Halyk bought 70,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average price of C$9.40 per share, with a total value of C$658,000.00.

Daniel Kim Halyk also recently made the following trade(s):

• On Monday, May 13th, Daniel Kim Halyk acquired 7,373 shares of Total Energy Services stock. The shares were acquired at an average price of C$9.64 per share, with a total value of C$71,075.72.
• On Friday, April 5th, Daniel Kim Halyk bought 200 shares of Total Energy Services stock. The shares were acquired at an average cost of C$10.46 per share, for a total transaction of C$2,092.00.

Total Energy Services Stock Down 0.7 %

TOT opened at C$9.30 on Friday. The stock’s fifty day moving average is C$10.01 and its 200-day moving average is C$9.05. Total Energy Services Inc. has a one year low of C$7.36 and a one year high of C$10.85. The company has a market capitalization of C$371.54 million, a PE ratio of 9.21, a P/E/G ratio of 1.77 and a beta of 2.09. The company has a debt-to-equity ratio of 20.49, a quick ratio of 1.09 and a current ratio of 1.70.

Total Energy Services (TSE:TOT) last issued its quarterly earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.54). The business had revenue of C$213.76 million during the quarter, compared to analyst estimates of C$218.00 million. Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. On average, equities analysts predict that Total Energy Services Inc. will post 1.8544061 EPS for the current fiscal year.

Total Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.09 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.87%. This is a boost from Total Energy Services’s previous quarterly dividend of $0.08. Total Energy Services’s dividend payout ratio is currently 35.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. ATB Capital raised their price target on Total Energy Services from C$16.75 to C$17.00 in a report on Monday, March 11th. Stifel Nicolaus boosted their price target on shares of Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th.

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.