Total Energy Services (TSE:TOT) Stock Price Up 5.8% – What’s Next?

Shares of Total Energy Services Inc. (TSE:TOT) rose 5.8% during trading on Wednesday . The stock traded as high as C$26.20 and last traded at C$24.93. Approximately 108,434 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 94,947 shares. The stock had previously closed at C$23.56.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets lifted their price target on shares of Total Energy Services from C$20.00 to C$24.00 in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$24.00.

Total Energy Services Stock Performance

The company has a market cap of C$938.36 million, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.54. The stock’s fifty day simple moving average is C$21.88 and its two-hundred day simple moving average is C$17.73. The company has a debt-to-equity ratio of 13.67, a quick ratio of 1.09 and a current ratio of 1.41.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share for the quarter. The company had revenue of C$301.71 million for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. Equities research analysts anticipate that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Total Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. Total Energy Services’s payout ratio is presently 20.51%.

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, insider Bradley John Macson sold 33,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$22.96, for a total value of C$757,680.00. Following the transaction, the insider owned 167,823 shares in the company, valued at C$3,853,216.08. The trade was a 16.43% decrease in their position. Also, Director George K. Chow acquired 1,600 shares of the business’s stock in a transaction on Friday, March 27th. The stock was purchased at an average price of C$23.19 per share, for a total transaction of C$37,104.00. Following the acquisition, the director directly owned 59,560 shares in the company, valued at C$1,381,196.40. This represents a 2.76% increase in their ownership of the stock. In the last three months, insiders have acquired 49,908 shares of company stock worth $1,091,906. Corporate insiders own 7.73% of the company’s stock.

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.