What is Atb Cap Markets’ Estimate for TSE:TOT Q3 Earnings?

Total Energy Services Inc. (TSE:TOT) – Research analysts at Atb Cap Markets lifted their Q3 2024 earnings per share (EPS) estimates for Total Energy Services in a report released on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings of $0.52 per share for the quarter, up from their prior estimate of $0.48. The consensus estimate for Total Energy Services’ current full-year earnings is $2.05 per share.

Total Energy Services (TSE:TOT) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.14. The business had revenue of C$213.33 million during the quarter, compared to the consensus estimate of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%.

Separately, ATB Capital raised their price objective on shares of Total Energy Services from C$16.50 to C$18.00 in a research note on Friday, August 9th.

Total Energy Services Stock Performance

Shares of TOT opened at C$9.67 on Friday. Total Energy Services has a 12-month low of C$7.36 and a 12-month high of C$10.85. The stock has a market cap of C$375.68 million, a P/E ratio of 9.21, a PEG ratio of 1.77 and a beta of 2.02. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The company has a 50-day moving average of C$9.45 and a two-hundred day moving average of C$9.50.

Total Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, September 27th. Total Energy Services’s payout ratio is currently 34.29%.

Insider Buying and Selling

In other news, insider Total Energy Services Inc bought 279,000 shares of Total Energy Services stock in a transaction on Friday, August 30th. The shares were bought at an average cost of C$9.41 per share, for a total transaction of C$2,624,748.30. In other Total Energy Services news, Director Daniel Kim Halyk acquired 4,800 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average price of C$9.25 per share, for a total transaction of C$44,400.00. Also, insider Total Energy Services Inc acquired 279,000 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of C$9.41 per share, with a total value of C$2,624,748.30. In the last quarter, insiders purchased 436,204 shares of company stock worth $4,141,323. 7.73% of the stock is owned by corporate insiders.

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.