Brokers Offer Predictions for Total Energy Services Inc.’s Q1 2024 Earnings (TSE:TOT)
Total Energy Services Inc. (TSE:TOT – Free Report) – Stock analysts at Atb Cap Markets lifted their Q1 2024 earnings per share (EPS) estimates for Total Energy Services in a report issued on Sunday, March 10th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.43 per share for the quarter, up from their prior estimate of $0.02. The consensus estimate for Total Energy Services’ current full-year earnings is $1.52 per share. Atb Cap Markets also issued estimates for Total Energy Services’ Q4 2024 earnings at $0.56 EPS, FY2024 earnings at $1.78 EPS, Q2 2025 earnings at $0.33 EPS and Q3 2025 earnings at $0.56 EPS.
Total Energy Services (TSE:TOT – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.35 by C($0.54). Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. The company had revenue of C$213.76 million during the quarter, compared to the consensus estimate of C$218.00 million.
Several other analysts have also commented on the stock. ATB Capital increased their target price on shares of Total Energy Services from C$16.75 to C$17.00 in a research note on Monday. Stifel Nicolaus raised their price objective on Total Energy Services from C$15.00 to C$16.00 in a research note on Monday.
Read Our Latest Stock Report on TOT
Total Energy Services Stock Up 1.9 %
TOT opened at C$10.20 on Wednesday. The company has a debt-to-equity ratio of 20.49, a quick ratio of 1.09 and a current ratio of 1.70. The company has a market capitalization of C$407.80 million, a PE ratio of 6.89, a P/E/G ratio of 1.77 and a beta of 2.07. The stock’s fifty day moving average is C$9.21 and its 200-day moving average is C$8.81. Total Energy Services has a one year low of C$7.36 and a one year high of C$10.40.
Insider Transactions at Total Energy Services
In other Total Energy Services news, Director Kenneth Brandon Mullen acquired 8,780 shares of Total Energy Services stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of C$9.95 per share, with a total value of C$87,361.00. 7.09% of the stock is owned by company insiders.
Total Energy Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Total Energy Services’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.53%. Total Energy Services’s dividend payout ratio (DPR) is presently 24.32%.
About Total Energy Services
Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.
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