Total Energy Services (TOT) AI Stock Analysis

• Market Cap: C$415.56M
• Dividend Yield: 3.61%
• Average Volume (3M): 37.76K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.78
• Revenue Growth: 11.02%
• EPS Growth: 102.23%
• Country: CA
• Employees: 2,051
• Sector: Energy
• Sector Strength: 54
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.49
• Shares Outstanding: 37,471,700
• 10 Day Avg. Volume: 32,678
• 30 Day Avg. Volume: 37,764
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 80 Outperform
• Price Target: C$12.00 ▲(8.21%Upside)

Total Energy Services has a solid overall score driven by strong financial performance and attractive valuation. The technical analysis indicates a stable upward trend, while recent corporate events enhance growth prospects. Despite mixed regional performance, the company's strategic expansions and financial management support a positive outlook.

Total Energy Services Business Overview & Revenue Model

Company Description

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. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies. As of December 31, 2021, it operated a total fleet of 95 drilling rigs. The Rentals and Transportation Services segment provides drilling, completion and production rental equipment, and oilfield transportation services in western Canada and in the United States. This segment owned and operated a fleet of 79 heavy trucks. The Compression and Process Services segment offers gas compression services; and designs and packages skid style compressors and proprietary trailer-mounted compressors under the NOMAD brand in Canada and the United States, the European Union, Australia, and Mexico. It had 53,800 horsepower of compression in its rental fleet. The Well Servicing segment offers well services. This segment operated a total fleet of 83 well servicing rigs across Western Canada, mid-western United States, and Australia. The company was founded in 1996 and is headquartered in Calgary, Canada.

How the Company Makes Money

Total Energy Services generates revenue through multiple streams, primarily within the energy sector. The company earns income from its contract drilling services by providing drilling rigs and associated services to exploration and production companies. Additionally, it generates revenue from its rental and transportation services segment, which offers equipment rental and transportation solutions to the energy industry. Another significant revenue stream comes from its compression and process services, where the company provides natural gas compression equipment and process solutions to oil and gas producers. These diverse revenue streams are bolstered by strategic partnerships and long-term contracts with clients, which help stabilize earnings and foster growth.

Total Energy Services Financial Statement Overview

Summary

Total Energy Services exhibits a strong financial position with significant growth in revenue and profitability. The company has effectively managed its leverage and improved equity while maintaining robust cash flows. The positive trends in key financial metrics reflect solid operational and financial management.

Income Statement

Total Energy Services has demonstrated consistent revenue growth, moving from $365.75 million in 2020 to $906.78 million in 2024, showing strong recovery and expansion. Gross profit margin improved significantly over the years, indicating efficient cost management. The net profit margin increased from negative values in 2020 to 6.7% in 2024, reflecting improved profitability. The EBIT and EBITDA margins have also strengthened, showcasing operational efficiency.

Balance Sheet

The company has improved its leverage position with a declining debt-to-equity ratio from 0.58 in 2019 to 0.22 in 2024. Stockholders' equity increased, enhancing the equity ratio to 60.9% in 2024. The return on equity has improved from negative values to 10.6% in 2024, signaling better utilization of equity. However, the total assets have fluctuated, requiring attention to asset management.

Cash Flow

Free cash flow remained positive and grew steadily, from $23.74 million in 2019 to $74.83 million in 2024, indicating strong cash generation capability. The operating cash flow to net income ratio is healthy, showing efficient conversion of income into cash. The free cash flow to net income ratio is robust, reflecting solid cash flow management despite capital expenditures.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	906.78M	892.40M	759.81M	431.58M	365.75M
Gross Profit	135.09M	133.34M	91.19M	25.42M	-14.33M
EBITDA	171.84M	168.96M	131.32M	85.97M	81.05M
Net Income	60.80M	41.63M	38.01M	-428.00K	-30.45M
Balance Sheet
Total Assets	937.71M	861.66M	878.62M	813.52M	849.58M
Cash, Cash Equivalents and Short-Term Investments	38.42M	47.94M	34.06M	33.37M	23.00M
Total Debt	126.49M	108.76M	134.79M	202.65M	247.91M
Total Liabilities	366.67M	330.90M	356.59M	320.08M	338.59M
Stockholders Equity	570.80M	530.24M	521.47M	492.88M	510.36M
Cash Flow
Free Cash Flow	74.83M	70.70M	86.67M	60.59M	69.22M
Operating Cash Flow	165.92M	145.95M	143.40M	89.58M	86.12M
Investing Cash Flow	-132.88M	-66.83M	-42.26M	-14.25M	-13.54M
Financing Cash Flow	-42.56M	-65.24M	-100.44M	-64.95M	-69.46M

Total Energy Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TOT, the sentiment is Positive. The current price of 11.09 is above the 20-day moving average (MA) of 10.93, above the 50-day MA of 10.20, and above the 200-day MA of 10.26, indicating a bullish trend. The MACD of 0.20 indicates Positive momentum. The RSI at 59.10 is Neutral, neither overbought nor oversold. The STOCH value of 24.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TOT.

Total Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOT	80 Outperform	C$415.56M	6.66	11.38%	3.61%	11.02%	102.23%
PSI	77 Outperform	C$989.67M	13.92	14.68%	4.12%	12.43%	-44.90%
EFX	71 Outperform	C$1.36B	13.25	7.03%	1.36%	1.22%	―
CFW	69 Neutral	C$298.04M	16.91	3.00%	―	-5.50%	-88.55%
Sector *	52 Neutral	C$2.91B	-1.09	-3.26%	6.12%	5.32%	-43.41%
TOLWF		$705.62M	10.42	19.44%	3.69%	―	―
STEP	66 Neutral	C$321.02M	151.92	-3.90%	―	-5.98%	-121.37%

Total Energy Services Corporate Events

Total Energy Services Expands U.S. Rental Fleet with Oklahoma Acquisition

Total Energy Services Inc. has expanded its U.S. operations by acquiring a fleet of surface rental equipment in Oklahoma for $6.4 million through its subsidiary, Total Oilfield Rentals Inc. This acquisition increases the company’s U.S. fleet by 30% in the Rentals and Transportation Services segment, strengthening its presence in the Oklahoma drilling and completions rental market.

Total Energy Services Declares Quarterly Dividend

Total Energy Services Inc. announced a quarterly dividend of $0.10 per common share for the quarter ending June 30, 2025, payable on July 15, 2025. This decision reflects the company’s ongoing commitment to delivering value to its shareholders and could potentially enhance its attractiveness to investors in the energy sector.

Total Energy Services Inc. Announces Results of Annual Shareholders Meeting

Total Energy Services Inc. held its annual meeting of shareholders where key decisions were made, including the election of directors and the appointment of auditors. All nominated directors were successfully elected, and MNP LLP was appointed as the company’s auditors, reflecting strong shareholder support and continuity in the company’s governance structure.

Total Energy Services Reports Strong Q1 2025 Results Amid Strategic Expansion

Total Energy Services Inc. reported a strong financial performance for the first quarter of 2025, with a 23% increase in revenue compared to the previous year, driven by improved performance in its Compression and Process Services segment and the acquisition of Saxon Energy Services Australia Pty. Ltd. Despite a decline in U.S. activity and challenges in the Canadian market, the company’s strategic expansion in Australia, including the deployment of upgraded drilling rigs, has significantly bolstered its operations and market position.

Total Energy Services Reports Strong Q1 2025 Results Amidst Mixed Regional Performance

Total Energy Services Inc., a company operating in the energy services sector, reported its financial results for the first quarter of 2025, highlighting a 23% increase in revenue compared to the previous year. The company experienced stable industry conditions in Canada and Australia, with improved performance in its Compression and Process Services segment and contributions from the acquisition of Saxon Energy Services Australia Pty. Ltd. However, there was a noted decline in U.S. operations, which was offset by increased activity in Australia.