Total Energy Services (TSE:TOT) Insider Purchases 312,412 Shares of Company Stock

Key Points

• Insider buying: An insider purchased 312,412 shares at an average C$34.43 each, investing approximately C$10.76 million and increasing direct ownership to 322,412 shares.
• Stock performance: Total Energy Services shares rose 1.1% to C$34.25, with the stock trading near its 12-month high of C$37.90 and carrying a market capitalization of about C$1.25 billion.
• Outlook and dividend: Analysts maintain a “Moderate Buy” consensus with an average price target of C$41.50. The company declared a quarterly dividend of C$0.12 per share, equivalent to a 1.4% annual yield.

Total Energy Services Inc. (TSE:TOT - Get Free Report) insider Total Energy Services Inc bought 312,412 shares of the company's stock in a transaction dated Tuesday, September 29th. The stock was bought at an average price of C$34.43 per share, for a total transaction of C$10,756,345.16. Following the acquisition, the insider directly owned 322,412 shares of the company's stock, valued at approximately C$11,100,645.16. This represents a 3,124.12% increase in their ownership of the stock.

Total Energy Services Stock Up 1.1%

Shares of TSE:TOT traded up C$0.38 during mid-day trading on Thursday, hitting C$34.25. 111,701 shares of the company traded hands, compared to its average volume of 125,175. The stock has a 50-day moving average price of C$30.56 and a two-hundred day moving average price of C$25.86. Total Energy Services Inc. has a 12-month low of C$13.00 and a 12-month high of C$37.90. The stock has a market cap of C$1.25 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.77 and a beta of 0.81. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%.The business had revenue of C$328.96 million during the quarter. On average, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Total Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.48 annualized dividend and a yield of 1.4%. Total Energy Services's payout ratio is 18.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. ATB Cormark Capital Markets increased their price objective on shares of Total Energy Services from C$36.50 to C$42.00 and gave the company an "outperform" rating in a research note on Thursday, September 24th. Royal Bank Of Canada set a C$41.00 target price on Total Energy Services and gave the company a "hold" rating in a report on Thursday, September 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$41.50.

About Total Energy Services

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company's operations are conducted in Canada, the United States of America, and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.