Total Energy Services (TOT) PT Lowered to C$10.00 at TD Securities

Total Energy Services (TSE:TOT) had its target price reduced by TD Securities from C$11.50 to C$10.00 in a report released on Friday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, AltaCorp Capital upgraded shares of Total Energy Services from a sector perform rating to an outperform rating in a research report on Monday, January 28th.

Shares of TSE:TOT opened at C$9.53 on Friday. The stock has a market capitalization of $440.03 million and a P/E ratio of 17.98. Total Energy Services has a fifty-two week low of C$8.83 and a fifty-two week high of C$12.84. The company has a debt-to-equity ratio of 52.02, a quick ratio of 1.13 and a current ratio of 1.73.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.17 by C$0.02. The firm had revenue of C$219.85 million during the quarter, compared to the consensus estimate of C$228.47 million. On average, research analysts expect that Total Energy Services will post 0.689999985549739 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were given a $0.06 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.24 annualized dividend and a yield of 2.52%. Total Energy Services’s dividend payout ratio is presently 45.28%.

In other news, insider Total Energy Services Inc acquired 4,600 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average cost of C$9.70 per share, for a total transaction of C$44,600.22. Following the transaction, the insider now directly owns 15,600 shares in the company, valued at approximately C$151,252.92. Over the last quarter, insiders purchased 57,580 shares of company stock worth $561,193.

Total Energy Services Company Profile

Total Energy Services Inc provides diversified energy services. It operates through four segments: Contract Drilling Services; Rentals and Transportation Services; Compression and Process Services; and Well Servicing. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies in the United States and Australia.

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