Total Energy Services (TSE:TOT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Total Energy Services Inc. (TSE:TOT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.48 and traded as high as C$10.69. Total Energy Services shares last traded at C$10.58, with a volume of 37,211 shares traded.

Wall Street Analyst Weigh In

Separately, ATB Capital upped their target price on Total Energy Services from C$16.50 to C$18.00 in a research note on Friday, August 9th.

Total Energy Services Stock Performance

The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The firm has a market capitalization of C$411.03 million, a price-to-earnings ratio of 10.08, a PEG ratio of 1.77 and a beta of 2.02. The stock has a fifty day moving average price of C$9.57 and a 200-day moving average price of C$9.48.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$213.33 million during the quarter, compared to analyst estimates of C$196.00 million. As a group, analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, September 27th. Total Energy Services’s dividend payout ratio is currently 34.29%.

Insider Activity at Total Energy Services

In other news, Director Daniel Kim Halyk acquired 5,000 shares of Total Energy Services stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of C$9.14 per share, with a total value of C$45,700.00. In other news, Director Daniel Kim Halyk acquired 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of C$9.14 per share, with a total value of C$45,700.00. Also, insider Total Energy Services Inc bought 279,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were acquired at an average price of C$9.41 per share, for a total transaction of C$2,624,748.30. Insiders purchased a total of 436,204 shares of company stock valued at $4,141,323 over the last quarter. Corporate insiders own 7.73% 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.