Total Energy Services (TSE:TOT) Director Acquires C$42,873.90 in Stock

Total Energy Services Inc. (TSE:TOT) Director Kenneth Brandon Mullen bought 1,205 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was bought at an average cost of C$35.58 per share, with a total value of C$42,873.90. Following the completion of the transaction, the director owned 26,015 shares in the company, valued at approximately C$925,613.70. This trade represents a 4.86% increase in their position.

Total Energy Services Trading Up 1.5%

Shares of TOT opened at C$36.30 on Thursday. Total Energy Services Inc. has a 1-year low of C$13.00 and a 1-year high of C$37.90. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05. The firm’s 50-day moving average price is C$29.47 and its 200-day moving average price is C$25.30. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.77 and a beta of 0.81.

Total Energy Services (TSE:TOT) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. The company had revenue of C$328.96 million during the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. Sell-side analysts anticipate that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Total Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. Total Energy Services’s payout ratio is currently 18.49%.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets increased their price objective on Total Energy Services from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Total Energy Services presently has an average rating of “Buy” and a consensus target price of C$33.00.

About Total Energy Services

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.