Total Energy Services (TSE:TOT) Share Price Passes Above Two Hundred Day Moving Average of $8.92

Total Energy Services Inc. (TSE:TOT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.92 and traded as high as C$10.19. Total Energy Services shares last traded at C$9.87, with a volume of 5,973 shares.

Analysts Set New Price Targets

Several analysts have weighed in on TOT shares. Stifel Nicolaus lifted their price objective on Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th. ATB Capital boosted their price objective on shares of Total Energy Services from C$16.75 to C$17.00 in a research report on Monday, March 11th.

Total Energy Services Trading Down 2.6 %

The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 20.49. The stock’s 50 day moving average price is C$9.95 and its 200-day moving average price is C$8.92. The stock has a market capitalization of C$394.60 million, a P/E ratio of 9.77, a P/E/G ratio of 1.77 and a beta of 2.08.

Total Energy Services (TSE:TOT) last posted its quarterly earnings results on Thursday, March 7th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$213.76 million during the quarter, compared to analysts’ expectations of C$218.00 million. As a group, equities research analysts expect that Total Energy Services Inc. will post 1.7297735 earnings per share for the current year.

Total Energy Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Total Energy Services’s previous quarterly dividend of $0.08. Total Energy Services’s dividend payout ratio (DPR) is currently 35.64%.

Insider Activity at Total Energy Services

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 shares were bought at an average price of C$9.95 per share, for a total transaction of C$87,361.00. Over the last quarter, insiders have bought 10,130 shares of company stock worth $101,689. 7.09% of the stock is owned by company 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.