Total Energy Services (TSE:TOT) Price Target Cut to C$15.50 by Analysts at Stifel Nicolaus

Total Energy Services (TSE:TOT – Get Rating) had its target price decreased by Stifel Nicolaus from C$16.00 to C$15.50 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Separately, Canaccord Genuity Group lifted their price target on shares of Total Energy Services from C$10.50 to C$16.00 in a research report on Wednesday, November 16th.

Total Energy Services Price Performance

Shares of TSE:TOT opened at C$8.35 on Tuesday. The company has a debt-to-equity ratio of 31.69, a current ratio of 1.70 and a quick ratio of 1.09. Total Energy Services has a one year low of C$6.12 and a one year high of C$9.87. The company’s fifty day moving average price is C$8.93 and its 200-day moving average price is C$8.25. The firm has a market capitalization of C$349.87 million, a price-to-earnings ratio of 13.47, a PEG ratio of 1.77 and a beta of 2.09.

Total Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a dividend of $0.08 per share. This is an increase from Total Energy Services’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.83%. Total Energy Services’s payout ratio is 38.71%.

Insider Activity at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc acquired 197,833 shares of the business’s stock in a transaction dated Friday, December 30th. The stock was acquired at an average cost of C$8.65 per share, for a total transaction of C$1,711,215.88. Following the completion of the transaction, the insider now directly owns 222,433 shares of the company’s stock, valued at C$1,924,000.96. In other news, insider Total Energy Services Inc acquired 197,833 shares of the company’s stock in a transaction dated Friday, December 30th. The stock was acquired at an average cost of C$8.65 per share, with a total value of C$1,711,215.88. Following the completion of the purchase, the insider now owns 222,433 shares of the company’s stock, valued at approximately C$1,924,000.96. Also, Senior Officer Yuliya Gorbach bought 4,762 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average price of C$7.58 per share, for a total transaction of C$36,095.96. Following the completion of the purchase, the insider now directly owns 73,281 shares of the company’s stock, valued at approximately C$555,469.98. Over the last ninety days, insiders purchased 314,595 shares of company stock worth $2,717,501. 6.32% of the stock is owned by corporate insiders.

Total Energy Services Company Profile

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Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.