Insider Buying: Total Energy Services Inc. (TSE:TOT) Director Acquires 4,800 Shares of Stock

Total Energy Services Inc. (TSE:TOT) Director Daniel Kim Halyk acquired 4,800 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were purchased at an average cost of C$9.25 per share, with a total value of C$44,400.00.

Daniel Kim Halyk also recently made the following trade(s):

• On Wednesday, September 18th, Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock. The shares were acquired at an average cost of C$9.20 per share, with a total value of C$46,000.00.
• On Wednesday, August 14th, Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock. The shares were acquired at an average cost of C$9.14 per share, with a total value of C$45,700.00.
• On Monday, July 8th, Daniel Kim Halyk bought 3,000 shares of Total Energy Services stock. The shares were acquired at an average cost of C$9.15 per share, with a total value of C$27,450.00.

Total Energy Services Trading Down 0.6 %

Shares of Total Energy Services stock traded down C$0.06 on Friday, hitting C$9.19. The stock had a trading volume of 27,308 shares, compared to its average volume of 45,031. The stock has a 50 day moving average of C$9.33 and a 200 day moving average of C$9.59. Total Energy Services Inc. has a twelve month low of C$7.36 and a twelve month high of C$10.85. The company has a debt-to-equity ratio of 27.21, a quick ratio of 1.09 and a current ratio of 1.31. The firm has a market capitalization of C$357.03 million, a P/E ratio of 8.81, a PEG ratio of 1.77 and a beta of 2.03.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.25 by C$0.14. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. The company had revenue of C$213.33 million during the quarter, compared to the consensus estimate of C$196.00 million. Sell-side analysts expect that Total Energy Services Inc. will post 2.0516854 earnings per share for the current fiscal year.

Total Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.92%. The ex-dividend date is Friday, September 27th. Total Energy Services’s payout ratio is presently 34.29%.

Wall Street Analyst Weigh In

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

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.