Q1 2024 EPS Estimates for Total Energy Services Inc. Reduced by Atb Cap Markets (TSE:TOT)

Total Energy Services Inc. (TSE:TOTFree Report) – Equities researchers at Atb Cap Markets reduced their Q1 2024 earnings per share (EPS) estimates for shares of Total Energy Services in a research note issued on Sunday, November 12th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings per share of $0.48 for the quarter, down from their previous estimate of $0.58. The consensus estimate for Total Energy Services’ current full-year earnings is $1.94 per share. Atb Cap Markets also issued estimates for Total Energy Services’ Q2 2024 earnings at $0.26 EPS, Q3 2024 earnings at $0.51 EPS, Q4 2024 earnings at $0.50 EPS, FY2024 earnings at $1.75 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.53 EPS and FY2025 earnings at $1.88 EPS.

TOT has been the subject of a number of other research reports. ATB Capital dropped their target price on shares of Total Energy Services from C$17.00 to C$15.50 in a research report on Monday. Stifel Nicolaus reduced their target price on Total Energy Services from C$15.00 to C$14.00 in a report on Monday, August 14th. Finally, StockNews.com assumed coverage on Total Energy Services in a research note on Friday, August 25th. They set a “hold” rating for the company.

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Total Energy Services Trading Down 0.6 %

Shares of TOT opened at C$8.11 on Wednesday. The firm has a market cap of C$324.24 million, a P/E ratio of 5.75, a price-to-earnings-growth ratio of 1.77 and a beta of 2.05. The company has a debt-to-equity ratio of 22.34, a current ratio of 1.54 and a quick ratio of 1.09. Total Energy Services has a 1 year low of C$7.62 and a 1 year high of C$10.40. The company has a 50 day simple moving average of C$9.08 and a two-hundred day simple moving average of C$9.02.

Total Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 3.95%. Total Energy Services’s payout ratio is presently 22.70%.

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.

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Earnings History and Estimates for Total Energy Services (TSE:TOT)

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