Insider Buying: Total Energy Services (TSE:TOT) Director Buys 1,205 Shares of Stock

Total Energy Services Inc. (TSE:TOT) Director Kenneth Brandon Mullen purchased 1,205 shares of the business’s stock in a transaction on Monday, September 21st. The stock was acquired at an average price of C$35.58 per share, with a total value of C$42,873.90. Following the purchase, the director directly owned 26,015 shares in the company, valued at C$925,613.70. This represents a 4.86% increase in their position.

Total Energy Services Price Performance

Shares of Total Energy Services stock traded down C$0.10 during trading hours on Monday, hitting C$35.78. The company’s stock had a trading volume of 127,756 shares, compared to its average volume of 121,318. The company has a market cap of C$1.30 billion, a PE ratio of 15.03, a PEG ratio of 1.77 and a beta of 0.81. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The business has a 50 day moving average price of C$28.73 and a two-hundred day moving average price of C$24.93. Total Energy Services Inc. has a 12-month low of C$13.00 and a 12-month high of C$37.90.

Total Energy Services (TSE:TOT) last issued its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%.The company had revenue of C$328.96 million for the quarter. Analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 29th. Total Energy Services’s payout ratio is currently 18.49%.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets lifted their target price on Total Energy Services from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$33.00.

Total Energy Services Company Profile

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company’s operations are conducted in Canada, the United States of America, and Australia.