Total Energy Services (TSE:TOT) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of 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$19.98 and traded as high as C$21.62. Total Energy Services shares last traded at C$21.19, with a volume of 121,212 shares trading hands.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upped their price target on shares of Total Energy Services from C$20.00 to C$24.00 in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$24.00.

Total Energy Services Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 11.42. The company has a 50-day moving average price of C$23.95 and a 200-day moving average price of C$20.03. The firm has a market capitalization of C$783.16 million, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.77 and a beta of 0.70.

Total Energy Services (TSE:TOT) last posted its earnings results on Tuesday, May 12th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$314.90 million for the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%. As a group, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Total Energy Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Total Energy Services’s dividend payout ratio (DPR) is 19.91%.

Insider Buying and Selling at Total Energy Services

In related news, Director Daniel Kim Halyk acquired 5,000 shares of Total Energy Services stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of C$22.00 per share, with a total value of C$110,000.00. Following the completion of the acquisition, the director directly owned 860,000 shares of the company’s stock, valued at C$18,920,000. This trade represents a 0.58% increase in their position. Also, insider William John George Kosich sold 87,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the completion of the sale, the insider directly owned 172,221 shares of the company’s stock, valued at C$3,921,472.17. The trade was a 33.56% decrease in their position. Over the last quarter, insiders purchased 59,878 shares of company stock valued at $1,327,417. 7.73% of the stock is currently owned by insiders.

Total Energy Services Company Profile

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company’s operations are conducted in Canada, the United States of America, and Australia.