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

Total Energy Services Inc. (TSE:TOT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Several research firms have commented on TOT. Stifel Nicolaus upped their price target on shares of Total Energy Services from C$15.00 to C$16.00 in a report on Monday, March 11th. ATB Capital upped their price target on shares of Total Energy Services from C$16.75 to C$17.00 in a report on Monday, March 11th.

Total Energy Services Stock Performance

The business’s 50-day simple moving average is C$10.00 and its two-hundred day simple moving average is C$8.96. The firm has a market cap of C$395.40 million, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.77 and a beta of 2.08. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 20.49.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Thursday, March 7th. The company reported C($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.54). The firm had revenue of C$213.76 million during 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, sell-side analysts expect that Total Energy Services Inc. will post 1.7297735 earnings per share for the current fiscal year.

Total Energy Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Total Energy Services’s previous quarterly dividend of $0.08. Total Energy Services’s dividend payout ratio is 35.64%.

Insiders Place Their Bets

In other news, Director Kenneth Brandon Mullen acquired 8,780 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of C$9.95 per share, for a total transaction of C$87,361.00. Over the last quarter, insiders bought 10,130 shares of company stock worth $101,689. Company 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.