Total Energy Services (TSE:TOT) Stock Price Crosses Above 200-Day Moving Average of $8.96

Total Energy Services Inc. (TSE:TOT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.96 and traded as high as C$9.97. Total Energy Services shares last traded at C$9.89, with a volume of 14,524 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on TOT. ATB Capital increased their price objective on shares of Total Energy Services from C$16.75 to C$17.00 in a research report on Monday, March 11th. Stifel Nicolaus raised their target price on shares of Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th.

Total Energy Services Trading Up 2.1 %

The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 20.49. The stock’s 50 day moving average price is C$10.01 and its 200-day moving average price is C$8.97. The stock has a market capitalization of C$403.80 million, a P/E ratio of 10.00, a P/E/G ratio of 1.77 and a beta of 2.08.

Total Energy Services (TSE:TOT) last announced its earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share for the quarter, missing the consensus estimate of C$0.35 by C($0.54). The firm had revenue of C$213.76 million during the quarter, compared to analyst estimates of C$218.00 million. Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. As a group, equities research analysts expect that Total Energy Services Inc. will post 1.7297735 earnings per share for the current year.

Total Energy Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.56%. This is an increase from Total Energy Services’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, March 27th. Total Energy Services’s dividend payout ratio (DPR) is 35.64%.

Insider Buying and Selling at Total Energy Services

In related news, Director Kenneth Brandon Mullen purchased 8,780 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of C$9.95 per share, with a total value of C$87,361.00. Insiders bought a total of 10,130 shares of company stock worth $101,689 over the last three months. Corporate insiders own 7.09% 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.