Total Energy Services (TSE:TOT) Sets New 12-Month High - Here's Why

Key Points

• Shares of Total Energy Services Inc. hit a new 52-week high, trading at C$13.67, marking a 1.8% increase from the previous close of C$13.31.
• The company declared a quarterly dividend of $0.10, payable on October 15th, representing a 3.0% yield and a payout ratio of 22.35%.
• Insiders have shown confidence in the company, with recent transactions including a purchase of 44,000 shares at an average price of C$10.83, totaling over $476,000.

Total Energy Services Inc. (TSE:TOT - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$13.67 and last traded at C$13.67, with a volume of 29331 shares. The stock had previously closed at C$13.31.

Total Energy Services Stock Performance

The stock has a market capitalization of C$513.54 million, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24. The firm has a fifty day moving average of C$12.35 and a 200 day moving average of C$10.75. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09.

Total Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 29th. Total Energy Services's dividend payout ratio (DPR) is 22.35%.

Insider Activity

In related news, insider Total Energy Services Inc bought 44,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were purchased at an average cost of C$10.83 per share, with a total value of C$476,528.80. Also, Senior Officer Bradley John Macson sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of C$11.01, for a total value of C$110,100.00. Over the last ninety days, insiders have purchased 46,700 shares of company stock worth $508,683. 7.73% of the stock is owned by corporate insiders.

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.