Total Energy Services (TOT) to Release Earnings on Friday

Total Energy Services (TSE:TOT) is set to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of C$0.23 per share for the quarter.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Thursday, March 7th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.35 by C($0.54). Total Energy Services had a return on equity of 7.90% and a net margin of 4.66%. The company had revenue of C$213.76 million for the quarter, compared to analyst estimates of C$218.00 million.

Total Energy Services Stock Down 0.8 %

TOT opened at C$9.69 on Thursday. Total Energy Services has a fifty-two week low of C$7.36 and a fifty-two week high of C$10.85. The company has a market capitalization of C$387.12 million, a P/E ratio of 9.59, a P/E/G ratio of 1.77 and a beta of 2.09. The stock has a fifty day moving average of C$10.02 and a 200-day moving average of C$9.00. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Total Energy Services’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 3.72%. Total Energy Services’s dividend payout ratio (DPR) is currently 35.64%.

Insider Activity

In other Total Energy Services news, Director Kenneth Brandon Mullen acquired 8,780 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of C$9.95 per share, with a total value of C$87,361.00. Over the last quarter, insiders purchased 10,130 shares of company stock valued at $101,689. Company insiders own 7.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TOT. ATB Capital boosted their price target on Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th. Stifel Nicolaus boosted their target price on Total Energy Services from C$15.00 to C$16.00 in a research note 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.