Total Energy Services Inc. (TSE:TOT) Declares $0.09 Quarterly Dividend

Total Energy Services Inc. (TSE:TOT) declared a quarterly dividend on Friday, May 31st, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.09 per share on Monday, July 15th. This represents a $0.36 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Friday, June 28th.

Total Energy Services Stock Up 1.8 %

Shares of TSE TOT opened at C$9.45 on Friday. The company has a market capitalization of C$377.34 million, a P/E ratio of 11.52, a P/E/G ratio of 1.77 and a beta of 2.09. The company has a debt-to-equity ratio of 29.11, a current ratio of 1.64 and a quick ratio of 1.09. The company has a 50 day simple moving average of C$9.83 and a 200-day simple moving average of C$9.11. Total Energy Services has a 1 year low of C$7.36 and a 1 year high of C$10.85.

Total Energy Services (TSE:TOT) last posted its earnings results on Thursday, May 9th. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.46 by C($0.08). Total Energy Services had a net margin of 3.85% and a return on equity of 6.12%. The company had revenue of C$204.69 million during the quarter, compared to analyst estimates of C$235.35 million. On average, equities research analysts predict that Total Energy Services will post 1.7153558 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Total Energy Services from C$15.00 to C$16.00 in a research note on Monday, March 11th. ATB Capital boosted their target price on shares of Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th.

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, Director Kenneth Brandon Mullen acquired 8,780 shares of the stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of C$9.95 per share, with a total value of C$87,361.00. In other Total Energy Services news, Director Daniel Kim Halyk purchased 70,000 shares of Total Energy Services stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of C$9.40 per share, with a total value of C$658,000.00. Also, Director Kenneth Brandon Mullen bought 8,780 shares of Total Energy Services stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of C$9.95 per share, for a total transaction of C$87,361.00. In the last ninety days, insiders have bought 89,803 shares of company stock worth $851,994. Corporate insiders own 7.42% of the company’s stock.

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.