Total Energy Services (TOT) to Release Earnings on Friday

Total Energy Services (TSE:TOT) is scheduled to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of C$0.23 per share for the quarter.

Total Energy Services (TSE:TOT) last issued its quarterly earnings results on Thursday, March 7th. The company reported C($0.19) EPS for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.54). Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. The business had revenue of C$213.76 million for the quarter, compared to analysts’ expectations of C$218.00 million.

Total Energy Services Stock Down 0.5 %

TOT stock opened at C$9.77 on Wednesday. The stock has a market cap of C$390.31 million, a P/E ratio of 9.67, 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 20.49. The stock’s fifty day simple moving average is C$10.02 and its two-hundred day simple moving average is C$9.00. Total Energy Services has a 1-year low of C$7.36 and a 1-year high of C$10.85.

Total Energy Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Wednesday, March 27th. This is an increase from Total Energy Services’s previous quarterly dividend of $0.08. Total Energy Services’s dividend payout ratio (DPR) is 35.64%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TOT. ATB Capital upped their price objective on shares of Total Energy Services from C$16.75 to C$17.00 in a research report on Monday, March 11th. Stifel Nicolaus lifted their price target on shares of Total Energy Services from C$15.00 to C$16.00 in a report on Monday, March 11th.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Kenneth Brandon Mullen bought 8,780 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of C$9.95 per share, with a total value of C$87,361.00. In the last quarter, insiders bought 10,130 shares of company stock worth $101,689. 7.42% of the stock is currently owned by insiders.

Total Energy Services Company Profile

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.