Total Energy Services (TSE:TOT) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Total Energy Services Inc. (TSE:TOT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.50 and traded as high as C$9.68. Total Energy Services shares last traded at C$9.60, with a volume of 54,597 shares.

Wall Street Analysts Forecast Growth

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

Total Energy Services Trading Up 1.3 %

The stock’s fifty day simple moving average is C$9.47 and its 200 day simple moving average is C$9.49. The firm has a market capitalization of C$380.73 million, a PE ratio of 9.33, a PEG ratio of 1.77 and a beta of 2.02. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21.

Total Energy Services (TSE:TOT) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.39 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.14. The firm had revenue of C$213.33 million for the quarter, compared to analysts’ expectations of C$196.00 million. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. On average, sell-side analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Total Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.67%. Total Energy Services’s payout ratio is 34.29%.

Insider Buying and Selling

In related news, insider Total Energy Services Inc bought 134,854 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was bought at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. In other news, insider Total Energy Services Inc acquired 134,854 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were acquired at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. Also, Director Daniel Kim Halyk purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of C$9.20 per share, for a total transaction of C$46,000.00. Over the last 90 days, insiders acquired 436,204 shares of company stock worth $4,141,323. 7.73% of the stock is owned by corporate insiders.

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.