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

Total Energy Services Inc. (TSE:TOT) shares 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 trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on TOT shares. ATB Capital lifted their target price on Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th. Stifel Nicolaus lifted their price objective on Total Energy Services from C$15.00 to C$16.00 in a research note on Monday, March 11th.

Total Energy Services Trading Down 2.3 %

The stock has a fifty day moving average price of C$9.50 and a 200 day moving average price of C$9.38. The company has a debt-to-equity ratio of 29.11, a quick ratio of 1.09 and a current ratio of 1.64. The stock has a market cap of C$376.94 million, a PE ratio of 11.51, a PEG ratio of 1.77 and a beta of 2.09.

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

Total Energy Services Announces Dividend

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

Insider Transactions at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc bought 815,543 shares of Total Energy Services stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of C$9.60 per share, with a total value of C$7,832,719.63. In other Total Energy Services news, insider Total Energy Services Inc bought 815,543 shares of Total Energy Services stock in a transaction that occurred on Friday, May 31st. The shares were bought 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 7,373 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of C$9.64 per share, for a total transaction of C$71,075.72. In the last three months, insiders purchased 898,866 shares of company stock valued at $8,619,064. Corporate insiders own 7.42% 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.