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

Total Energy Services Inc. (TSE:TOT)’s stock price 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 traded.

Wall Street Analyst Weigh In

TOT has been the subject of several recent research reports. Stifel Nicolaus raised their target price on shares of Total Energy Services from C$15.00 to C$16.00 in a report on Monday, March 11th. ATB Capital raised their target price on shares of Total Energy Services from C$16.75 to C$17.00 in a report on Monday, March 11th.

Total Energy Services Price Performance

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

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

Total Energy Services Increases Dividend

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

Insider Buying and Selling

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