Royal Bank Of Canada Reiterates C$41.00 Price Target for Total Energy Services (TSE:TOT)

Royal Bank Of Canada set a C$41.00 price objective on Total Energy Services (TSE:TOT) in a research note released on Thursday morning,BayStreet reports. The firm currently has a sector perform rating on the stock.

Separately, ATB Cormark Capital Markets raised their price target on shares of Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$41.50.

Total Energy Services Trading Down 4.3%

Shares of TSE TOT opened at C$34.93 on Thursday. The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09. The stock has a market capitalization of C$1.27 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Total Energy Services has a 1-year low of C$13.00 and a 1-year high of C$37.90. The business has a fifty day moving average price of C$29.97 and a 200 day moving average price of C$25.49.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 earnings per share 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. Equities research analysts expect that Total Energy Services will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Total Energy Services’s dividend payout ratio is presently 18.49%.

Insiders Place Their Bets

In related news, Director George K. Chow sold 1,800 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$30.80, for a total transaction of C$55,440.00. Following the transaction, the director directly owned 1,800 shares in the company, valued at C$55,440. The trade was a 50.00% decrease in their position. Also, Director Kenneth Brandon Mullen bought 1,205 shares of Total Energy Services stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of C$35.58 per share, for a total transaction of C$42,873.90. Following the completion of the transaction, the director directly owned 26,015 shares in the company, valued at C$925,613.70. This represents a 4.86% increase in their ownership of the stock. In the last 90 days, insiders have bought 317,319 shares of company stock worth $7,636,909 and have sold 33,800 shares worth $780,360. Insiders own 7.73% of the company’s stock.

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.