Q3 EPS Forecast for Total Energy Services Raised by Analyst

Total Energy Services Inc. (TSE:TOT) – Research analysts at Atb Cap Markets increased their Q3 2024 earnings per share estimates for shares of Total Energy Services in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $0.52 for the quarter, up from their prior estimate of $0.48. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share.

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

Total Energy Services Stock Up 1.3 %

TOT stock opened at C$9.80 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The firm has a 50-day moving average of C$9.47 and a two-hundred day moving average of C$9.49. Total Energy Services has a 12 month low of C$7.36 and a 12 month high of C$10.85. The company has a market cap of C$380.73 million, a price-to-earnings ratio of 9.33, a PEG ratio of 1.77 and a beta of 2.02.

Total Energy Services (TSE:TOT) last issued its 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 business had revenue of C$213.33 million during the quarter, compared to analysts’ expectations of C$196.00 million. Total Energy Services had a net margin of 4.90% and a return on equity of 7.83%.

Total Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio is currently 34.29%.

Insiders Place Their Bets

In other news, Director Daniel Kim Halyk purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of C$9.14 per share, with a total value of C$45,700.00. In other Total Energy Services news, insider Total Energy Services Inc acquired 134,854 shares of the business’s stock in a transaction that occurred on 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 Total Energy Services stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of C$9.14 per share, for a total transaction of C$45,700.00. Insiders have bought 436,204 shares of company stock valued at $4,141,323 over the last ninety days. Company insiders own 7.73% of the company’s stock.

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.