Insider Buying: Total Energy Services Inc. (TSE:TOT) Director Purchases C$46,000.00 in Stock

Total Energy Services Inc. (TSE:TOT) Director Daniel Kim Halyk bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of C$9.20 per share, with a total value of C$46,000.00.

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

• On Friday, September 20th, Daniel Kim Halyk purchased 4,800 shares of Total Energy Services stock. The stock was purchased at an average cost of C$9.25 per share, for a total transaction of C$44,400.00.
• On Wednesday, August 14th, Daniel Kim Halyk acquired 5,000 shares of Total Energy Services stock. The shares were purchased 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 stock was acquired at an average cost of C$9.15 per share, for a total transaction of C$27,450.00.

Total Energy Services Stock Performance

Total Energy Services stock opened at C$9.19 on Friday. 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 quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. The company has a market capitalization of C$357.03 million, a P/E ratio of 8.75, a PEG ratio of 1.77 and a beta of 2.03. The stock’s 50 day moving average is C$9.34 and its 200 day moving average is C$9.59.

Total Energy Services (TSE:TOT) last released its earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, topping 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 business had revenue of C$213.33 million for the quarter, compared to the consensus estimate of C$196.00 million. On average, equities research analysts predict that Total Energy Services Inc. will post 2.0516854 earnings per share for the current fiscal year.

Total Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share. 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 dividend payout ratio (DPR) is 34.29%.

Analysts Set New Price Targets

Separately, ATB Capital lifted their price target on shares of Total Energy Services from C$16.50 to C$18.00 in a research report 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.