Total Energy Services (TSE:TOT) Price Target Raised to C$19.00

Total Energy Services (TSE:TOT) had its price target upped by ATB Capital from C$18.00 to C$19.00 in a research note published on Tuesday,BayStreet.CA reports.

Total Energy Services Stock Up 2.8 %

Shares of TSE TOT opened at C$11.47 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. The company has a market cap of C$445.61 million, a P/E ratio of 10.92, a P/E/G ratio of 1.77 and a beta of 2.02. Total Energy Services has a 52 week low of C$7.36 and a 52 week high of C$11.49. The business has a 50-day simple moving average of C$9.67 and a two-hundred day simple moving average of C$9.50.

Total Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio is presently 34.29%.

Insider Activity

In related news, Director Daniel Kim Halyk acquired 3,900 shares of the stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of C$9.25 per share, for a total transaction of C$36,075.00. Also, insider Total Energy Services Inc acquired 134,854 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were bought at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. Insiders bought 431,204 shares of company stock worth $4,096,630 in the last three months. Corporate insiders own 7.73% of the company’s stock.

About Total Energy Services

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.