Total Energy Services (TOT) Scheduled to Post Quarterly Earnings on Thursday

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

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 firm had revenue of C$213.33 million for the quarter, compared to analyst estimates of C$196.00 million.

Total Energy Services Stock Performance

TOT opened at C$10.14 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. Total Energy Services has a 12-month low of C$7.36 and a 12-month high of C$10.85. The business has a 50 day moving average of C$9.53 and a 200-day moving average of C$9.47. The stock has a market cap of C$393.94 million, a price-to-earnings ratio of 9.66, a PEG ratio of 1.77 and a beta of 2.02.

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 issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio is 34.29%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Daniel Kim Halyk purchased 3,900 shares of Total Energy Services stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of C$9.25 per share, with a total value of C$36,075.00. In other news, insider Total Energy Services Inc acquired 279,000 shares of the stock in a transaction on 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. Also, Director Daniel Kim Halyk acquired 3,900 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of C$9.25 per share, with a total value of C$36,075.00. Insiders purchased 436,204 shares of company stock worth $4,141,323 over the last three months. 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.