Total Energy Services Inc. Forecasted to Earn FY2023 Earnings of $1.49 Per Share (TSE:TOT)

Total Energy Services Inc. (TSE:TOT – Get Rating) – Equities research analysts at Stifel Firstegy dropped their FY2023 EPS estimates for Total Energy Services in a report issued on Monday, March 13th. Stifel Firstegy analyst C. Pereira now expects that the company will earn $1.49 per share for the year, down from their prior forecast of $1.59. The consensus estimate for Total Energy Services’ current full-year earnings is $1.49 per share. Stifel Firstegy also issued estimates for Total Energy Services’ FY2024 earnings at $1.81 EPS.

Separately, Stifel Nicolaus lowered their price objective on Total Energy Services from C$16.00 to C$15.50 in a research report on Tuesday.

Total Energy Services Price Performance

TSE TOT opened at C$8.19 on Thursday. The firm’s fifty day simple moving average is C$8.91 and its two-hundred day simple moving average is C$8.25. The firm has a market capitalization of C$343.16 million, a P/E ratio of 13.21, a P/E/G ratio of 1.77 and a beta of 2.09. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 31.69. Total Energy Services has a 12-month low of C$6.12 and a 12-month high of C$9.87.

Total Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.08 per share. This is a positive change 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 yield of 3.91%. Total Energy Services’s dividend payout ratio is presently 38.71%.

Insiders Place Their Bets

In other news, insider Total Energy Services Inc bought 112,000 shares of Total Energy Services stock in a transaction that occurred on Tuesday, January 31st. The stock was bought at an average price of C$8.66 per share, for a total transaction of C$970,188.80. Following the purchase, the insider now directly owns 112,000 shares of the company’s stock, valued at approximately C$970,188.80. In other news, insider Total Energy Services Inc bought 112,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The shares were purchased at an average price of C$8.66 per share, for a total transaction of C$970,188.80. Following the completion of the transaction, the insider now directly owns 112,000 shares in the company, valued at C$970,188.80. Also, Senior Officer Yuliya Gorbach purchased 4,762 shares of the stock in a transaction on Thursday, January 19th. The stock was acquired at an average cost of C$7.58 per share, for a total transaction of C$36,095.96. Following the completion of the acquisition, the insider now owns 73,281 shares of the company’s stock, valued at approximately C$555,469.98. Over the last quarter, insiders purchased 314,595 shares of company stock valued at $2,717,501. Insiders own 6.32% of the company’s stock.

About Total Energy Services

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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.