Total Energy Services (TOT) to Release Quarterly Earnings on Thursday

Total Energy Services (TSE:TOT) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.48 per share for the quarter.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.14. The firm had revenue of C$213.33 million for the quarter, compared to analyst estimates of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%.

Total Energy Services Stock Performance

TSE:TOT opened at C$9.66 on Thursday. The stock’s 50-day moving average is C$9.51 and its 200-day moving average is C$9.47. The stock has a market cap of C$375.29 million, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. Total Energy Services has a 1-year low of C$7.36 and a 1-year high of C$10.85. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21.

Total Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.73%. The ex-dividend date was Friday, September 27th. Total Energy Services’s dividend payout ratio (DPR) is currently 34.29%.

Analyst Ratings Changes

Separately, ATB Capital boosted their price objective on shares of Total Energy Services from C$16.50 to C$18.00 in a research note on Friday, August 9th.

Insider Transactions at Total Energy Services

In related news, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$9.14 per share, for a total transaction of C$45,700.00. In other Total Energy Services news, insider Total Energy Services Inc acquired 134,854 shares of the stock in a transaction dated Friday, October 11th. The stock was purchased at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. Also, Director Daniel Kim Halyk acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of C$9.14 per share, for a total transaction of C$45,700.00. Insiders purchased 436,204 shares of company stock worth $4,141,323 over the last ninety days. 7.73% of the stock is owned by insiders.

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.