Total Energy Services (TSE:TOT) Issues Earnings Results

Total Energy Services (TSE:TOT) posted its quarterly earnings data on Wednesday. The company reported C$0.72 earnings per share for the quarter, FiscalAI reports. Total Energy Services had a net margin of 7.04% and a return on equity of 13.24%. The firm had revenue of C$328.96 million during the quarter.

Total Energy Services Trading Down 0.6%

Shares of TOT stock traded down C$0.15 on Wednesday, reaching C$25.31. 57,051 shares of the stock were exchanged, compared to its average volume of 107,772. The company has a debt-to-equity ratio of 11.42, a current ratio of 1.35 and a quick ratio of 1.09. Total Energy Services has a one year low of C$12.05 and a one year high of C$27.58. The stock has a market cap of C$927.99 million, a PE ratio of 12.00, a P/E/G ratio of 1.77 and a beta of 0.74. The stock has a 50 day moving average price of C$23.39 and a 200 day moving average price of C$21.91.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets upped their target price on shares of Total Energy Services from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Total Energy Services has an average rating of “Buy” and a consensus price target of C$33.00.

Insider Transactions at Total Energy Services

In other news, Director Daniel Kim Halyk acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 25th. The stock was purchased at an average cost of C$25.59 per share, for a total transaction of C$127,950.00. Following the completion of the transaction, the director directly owned 2,245,000 shares in the company, valued at C$57,449,550. This trade represents a 0.22% increase in their ownership of the stock. Also, Director Glenn Orval James Dagenais acquired 1,570 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of C$22.08 per share, with a total value of C$34,665.60. Following the completion of the acquisition, the director directly owned 78,165 shares in the company, valued at approximately C$1,725,883.20. The trade was a 2.05% increase in their position. Insiders have acquired 326,984 shares of company stock worth $7,845,413 in the last ninety days. 7.73% of the stock is currently owned by insiders.

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.