Total Energy Services Inc. (TSE:TOT) Increases Dividend to $0.10 Per Share

Total Energy Services Inc. (TSE:TOT) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.10 per share on Tuesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, March 31st. This is a 11.1% increase from Total Energy Services’s previous quarterly dividend of $0.09.

Total Energy Services Price Performance

Shares of Total Energy Services stock traded down C$0.06 during trading hours on Friday, reaching C$9.49. The stock had a trading volume of 43,784 shares, compared to its average volume of 55,761. Total Energy Services has a twelve month low of C$8.85 and a twelve month high of C$12.44. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The firm has a market capitalization of C$356.65 million, a PE ratio of 8.49, a PEG ratio of 1.77 and a beta of 2.02. The stock’s 50 day moving average is C$10.51 and its 200 day moving average is C$10.63.

Insider Activity at Total Energy Services

In other news, Director Daniel Kim Halyk purchased 30,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$8.90 per share, for a total transaction of C$271,450.00. Also, insider Total Energy Services Inc acquired 49,000 shares of Total Energy Services stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average cost of C$11.91 per share, with a total value of C$583,433.20. In the last quarter, insiders have purchased 88,250 shares of company stock valued at $945,845. 7.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, TD Securities lowered their price target on Total Energy Services from C$19.00 to C$18.00 in a research report on Tuesday, December 10th.

About Total Energy Services

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.