Total Energy Services Inc. (TSE:TOT) Declares $0.09 Quarterly Dividend

Total Energy Services Inc. (TSE:TOT) declared a quarterly dividend on Friday, August 30th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.09 per share on Tuesday, October 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, September 30th.

Total Energy Services Stock Down 1.3 %

Shares of TSE:TOT opened at C$9.54 on Friday. Total Energy Services has a fifty-two week low of C$7.36 and a fifty-two week high of C$10.85. The firm’s 50 day moving average price is C$9.37 and its 200 day moving average price is C$9.62. 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 stock has a market cap of C$370.63 million, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.77 and a beta of 2.04.

Total Energy Services (TSE:TOT) last posted its earnings results on Thursday, August 8th. The company reported C$0.39 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. As a group, equities research analysts predict that Total Energy Services will post 1.7183601 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, ATB Capital upped 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.

Insider Transactions at Total Energy Services

In other news, Director Daniel Kim Halyk bought 5,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of C$9.14 per share, with a total value of C$45,700.00. Insiders have bought 12,850 shares of company stock valued at $118,250 in the last quarter. 7.63% 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.