Total Energy Services (TOT) to Release Earnings on Friday

Total Energy Services (TSE:TOT) will be announcing its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of C$0.23 per share for the quarter.

Total Energy Services (TSE:TOT) last posted its quarterly earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.54). The business had revenue of C$213.76 million during the quarter, compared to analyst estimates of C$218.00 million. Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%.

Total Energy Services Trading Down 0.5 %

TSE:TOT opened at C$9.77 on Wednesday. The company has a debt-to-equity ratio of 20.49, a quick ratio of 1.09 and a current ratio of 1.70. Total Energy Services has a 1 year low of C$7.36 and a 1 year high of C$10.85. The stock has a 50-day simple moving average of C$10.02 and a 200-day simple moving average of C$9.00. The stock has a market cap of C$390.31 million, a P/E ratio of 9.67, a P/E/G ratio of 1.77 and a beta of 2.09.

Total Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.68%. This is an increase from Total Energy Services’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, March 27th. Total Energy Services’s payout ratio is presently 35.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. ATB Capital increased their price objective on Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th. Stifel Nicolaus boosted their price objective on shares of Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th.

Insider Activity

In other news, Director Kenneth Brandon Mullen bought 8,780 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of C$9.95 per share, with a total value of C$87,361.00. In the last ninety days, insiders have bought 10,130 shares of company stock worth $101,689. 7.42% of the stock is owned by company 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.