Total Energy Services (TSE:TOT) Sets New 1-Year High - Should You Buy?

Key Points

• Total Energy Services Inc. reached a new 52-week high, trading at C$13.98, with a total volume of 63,655 shares during this period.
• The company declared a $0.10 quarterly dividend, offering an annualized yield of 2.9%, with the ex-dividend date set for September 29th.
• Insiders have recently acquired a significant number of shares, with notable purchases amounting to approximately $2.4 million over the last 90 days.

Shares of Total Energy Services Inc. (TSE:TOT - ) reached a new 52-week high during trading on Tuesday . The company traded as high as C$13.98 and last traded at C$13.86, with a volume of 63655 shares. The stock had previously closed at C$13.81.

Total Energy Services Trading Up 0.4%

The firm has a market capitalization of C$515.40 million, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.77 and a beta of 1.24. The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40. The business has a fifty day moving average price of C$12.41 and a 200 day moving average price of C$10.80.

Total Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, September 29th. Total Energy Services's dividend payout ratio is presently 22.35%.

Insiders Place Their Bets

In other Total Energy Services news, Director Daniel Kim Halyk purchased 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of C$13.10 per share, with a total value of C$45,850.00. Following the transaction, the director owned 2,145,000 shares in the company, valued at approximately C$28,099,500. This trade represents a 0.16% increase in their ownership of the stock. Also, insider Total Energy Services Inc purchased 148,923 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of C$12.59 per share, with a total value of C$1,874,925.68. Following the completion of the transaction, the insider owned 148,923 shares in the company, valued at C$1,874,925.68. This trade represents a ∞ increase in their position. Over the last 90 days, insiders have bought 197,423 shares of company stock valued at $2,410,214. Insiders own 7.73% of the company's stock.

Total Energy Services Company Profile

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.

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