TSE:TOT FY2024 EPS Estimate Lowered by Atb Cap Markets

Total Energy Services Inc. (TSE:TOT) – Research analysts at Atb Cap Markets reduced their FY2024 earnings estimates for shares of Total Energy Services in a research note issued to investors on Tuesday, November 12th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $1.56 for the year, down from their prior forecast of $1.72. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share. Atb Cap Markets also issued estimates for Total Energy Services’ Q3 2025 earnings at $0.60 EPS.

Separately, ATB Capital raised their price objective on Total Energy Services from C$18.00 to C$19.00 in a report on Tuesday.

Total Energy Services Price Performance

Shares of TOT stock opened at C$11.16 on Thursday. The company’s 50-day simple moving average is C$9.64 and its two-hundred day simple moving average is C$9.49. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09. Total Energy Services has a one year low of C$7.36 and a one year high of C$11.38. The company has a market capitalization of C$433.57 million, a P/E ratio of 10.50, a P/E/G ratio of 1.77 and a beta of 2.02.

Insider Activity

In related news, insider Total Energy Services Inc bought 279,000 shares of the stock in a transaction on Friday, August 30th. The stock was bought at an average price of C$9.41 per share, for a total transaction of C$2,624,748.30. In other news, insider Total Energy Services Inc purchased 279,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of C$9.41 per share, with a total value of C$2,624,748.30. Also, Director Daniel Kim Halyk purchased 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of C$9.20 per share, for a total transaction of C$46,000.00. In the last quarter, insiders acquired 431,204 shares of company stock worth $4,096,630. 7.73% of the stock is currently owned by corporate insiders.

Total Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio (DPR) is 34.29%.

Total Energy Services Company Profile

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.