Total Energy Services (TSE:TOT) Stock Price Crosses Above 200-Day Moving Average of $8.86

Total Energy Services Inc. (TSE:TOTGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.86 and traded as high as C$10.38. Total Energy Services shares last traded at C$10.18, with a volume of 14,469 shares trading hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on TOT

Total Energy Services Stock Performance

The company has a market capitalization of C$407.00 million, a price-to-earnings ratio of 10.08, a PEG ratio of 1.77 and a beta of 2.08. The stock has a 50-day moving average price of C$9.66 and a 200-day moving average price of C$8.86. The company has a debt-to-equity ratio of 20.49, a current ratio of 1.70 and a quick ratio of 1.09.

Total Energy Services (TSE:TOTGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share for the quarter, missing the consensus estimate of C$0.35 by C($0.54). The firm had revenue of C$213.76 million for the quarter, compared to analyst estimates of C$218.00 million. Total Energy Services had a return on equity of 7.90% and a net margin of 4.66%. As a group, analysts forecast that Total Energy Services Inc. will post 1.7298658 earnings per share for the current year.

Total Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be issued 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 yield of 3.54%. The ex-dividend date is Wednesday, March 27th. Total Energy Services’s dividend payout ratio (DPR) is presently 35.64%.

Insider Buying and Selling

In other news, Director Kenneth Brandon Mullen purchased 8,780 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average cost of C$9.95 per share, with a total value of C$87,361.00. 7.09% of the stock is currently owned by insiders.

Total Energy Services Company Profile

(Get Free Report)

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.

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