Total Energy Services (TSE:TOT) Stock Price Passes Above Two Hundred Day Moving Average of $9.38

Total Energy Services Inc. (TSE:TOT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.38 and traded as high as C$9.70. Total Energy Services shares last traded at C$9.44, with a volume of 14,959 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on TOT shares. ATB Capital increased their price objective on shares of Total Energy Services from C$16.75 to C$17.00 in a research note 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 note on Monday, March 11th.

Total Energy Services Price Performance

The firm has a market capitalization of C$377.74 million, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.77 and a beta of 2.09. The company’s 50 day moving average is C$9.49 and its 200-day moving average is C$9.38. The company has a current ratio of 1.64, a quick ratio of 1.09 and a debt-to-equity ratio of 29.11.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.46 by C($0.08). The company had revenue of C$204.69 million for the quarter, compared to analyst estimates of C$235.35 million. Total Energy Services had a return on equity of 6.12% and a net margin of 3.85%. Equities research analysts anticipate that Total Energy Services Inc. will post 1.7153558 earnings per share for the current year.

Total Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 3.81%. Total Energy Services’s dividend payout ratio is presently 43.90%.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk bought 70,000 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of C$9.40 per share, with a total value of C$658,000.00. In other news, insider Total Energy Services Inc acquired 815,543 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of C$9.60 per share, with a total value of C$7,832,719.63. Also, Director Daniel Kim Halyk acquired 70,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of C$9.40 per share, for a total transaction of C$658,000.00. Over the last ninety days, insiders have acquired 898,866 shares of company stock valued at $8,619,064. 7.42% of the stock is currently owned by company 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.