Total Energy Services Inc. (TSE:TOT) Plans Dividend Increase – $0.09 Per Share

Total Energy Services Inc. (TSE:TOT) declared a quarterly dividend on Thursday, March 7th, Zacks reports. Investors of record on Thursday, March 28th will be paid a dividend of 0.09 per share on Monday, April 15th. This represents a $0.36 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Total Energy Services’s previous quarterly dividend of $0.08.

Total Energy Services Stock Performance

Shares of TOT opened at C$10.11 on Tuesday. Total Energy Services has a 1 year low of C$7.36 and a 1 year high of C$10.61. The company has a debt-to-equity ratio of 20.49, a quick ratio of 1.09 and a current ratio of 1.70. The company’s 50 day simple moving average is C$9.59 and its 200 day simple moving average is C$8.85. The company has a market capitalization of C$404.20 million, a price-to-earnings ratio of 10.01, a PEG ratio of 1.77 and a beta of 2.08.

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 the consensus estimate of C$0.35 by C($0.54). Total Energy Services had a return on equity of 7.90% and a net margin of 4.66%. The company had revenue of C$213.76 million for the quarter, compared to analyst estimates of C$218.00 million. On average, sell-side analysts predict that Total Energy Services will post 1.7298658 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th. ATB Capital increased 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.

Insider Activity at Total Energy Services

In related news, Director Kenneth Brandon Mullen acquired 8,780 shares of Total Energy Services stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of C$9.95 per share, for a total transaction of C$87,361.00. Company insiders own 7.09% of the company’s stock.

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.