Glenn Orval James Dagenais Buys 2,300 Shares of Total Energy Services Inc. (TSE:TOT) Stock

Total Energy Services Inc. (TSE:TOT) Director Glenn Orval James Dagenais acquired 2,300 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of C$9.23 per share, for a total transaction of C$21,229.00.

Total Energy Services Trading Down 0.1 %

Total Energy Services stock opened at C$9.16 on Friday. The firm has a market cap of C$365.94 million, a PE ratio of 9.07, a P/E/G ratio of 1.77 and a beta of 2.09. Total Energy Services Inc. has a 12 month low of C$7.36 and a 12 month high of C$10.85. The stock’s 50 day simple moving average is C$9.92 and its two-hundred day simple moving average is C$9.07. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 20.49.

Total Energy Services (TSE:TOT) last posted its earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.35 by C($0.54). The firm had revenue of C$213.76 million during the quarter, compared to analyst estimates of C$218.00 million. Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. Analysts anticipate that Total Energy Services Inc. will post 1.8544061 earnings per share for the current year.

Total Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $0.09 per share. This is a positive change from Total Energy Services’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Wednesday, March 27th. Total Energy Services’s dividend payout ratio is presently 35.64%.

Analysts Set New Price Targets

TOT has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th. ATB Capital lifted their price objective on Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th.

About Total Energy Services

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.