Analysts Set Expectations for TSE:TOT FY2024 Earnings

Total Energy Services Inc. (TSE:TOT) – Stock analysts at Atb Cap Markets lowered their FY2024 earnings estimates for shares of Total Energy Services in a report issued on Tuesday, November 12th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $1.56 for the year, down from their prior forecast of $1.72. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share. Atb Cap Markets also issued estimates for Total Energy Services’ Q3 2025 earnings at $0.60 EPS.

Separately, ATB Capital boosted their target price on Total Energy Services from C$18.00 to C$19.00 in a report on Tuesday.

Total Energy Services Price Performance

Shares of Total Energy Services stock opened at C$11.60 on Thursday. The stock has a market capitalization of C$450.66 million, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.77 and a beta of 2.02. The firm’s 50-day moving average price is C$9.72 and its two-hundred day moving average price is C$9.52. 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 has a 1-year low of C$7.36 and a 1-year high of C$11.61.

Total Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio is currently 34.29%.

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk bought 4,800 shares of the business’s stock in a transaction on Friday, September 20th. The shares were bought at an average cost of C$9.25 per share, for a total transaction of C$44,400.00. Also, insider Total Energy Services Inc bought 279,000 shares of Total Energy Services stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of C$9.41 per share, for a total transaction of C$2,624,748.30. In the last 90 days, insiders purchased 431,204 shares of company stock worth $4,096,630. 7.73% of the stock is currently owned by corporate 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.