Total Energy Services (TSE:TOT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Total Energy Services Inc. (TSE:TOT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.55 and traded as high as C$9.89. Total Energy Services shares last traded at C$9.76, with a volume of 193,749 shares changing hands.

Analysts Set New Price Targets

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

Total Energy Services Stock Performance

The business has a 50-day moving average price of C$9.34 and a 200-day moving average price of C$9.55. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. The firm has a market capitalization of C$379.18 million, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.77 and a beta of 2.03.

Total Energy Services (TSE:TOT) last announced its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.25 by C$0.14. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. The company had revenue of C$213.33 million for the quarter, compared to analyst estimates of C$196.00 million. As a group, sell-side analysts forecast that Total Energy Services Inc. will post 2.0509978 earnings per share for the current year.

Total Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, September 27th. Total Energy Services’s payout ratio is currently 34.29%.

Insider Buying and Selling

In related news, Director Daniel Kim Halyk purchased 3,900 shares of the business’s stock in a transaction on Friday, September 27th. The shares were acquired at an average price of C$9.25 per share, for a total transaction of C$36,075.00. In other news, Director Daniel Kim Halyk purchased 3,900 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of C$9.25 per share, with a total value of C$36,075.00. Also, insider Total Energy Services Inc purchased 279,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of C$9.41 per share, for a total transaction of C$2,624,748.30. Insiders purchased 306,050 shares of company stock worth $2,873,758 in the last three months. Corporate insiders own 7.63% of the company’s stock.

Total Energy Services Company Profile

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.