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

Total Energy Services Inc. (TSE:TOT)’s stock price crossed 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 changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TOT. Stifel Nicolaus raised their target price on Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th. ATB Capital lifted their price objective on Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th.

Total Energy Services Trading Down 2.6 %

The stock has a fifty day moving average of C$9.95 and a 200-day moving average of C$8.92. The company has a debt-to-equity ratio of 20.49, a quick ratio of 1.09 and a current ratio of 1.70. The company has a market cap of C$394.60 million, a PE ratio of 9.77, a PEG ratio of 1.77 and a beta of 2.08.

Total Energy Services (TSE:TOT) last issued its 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 during the quarter, compared to analysts’ expectations of C$218.00 million. Total Energy Services had a return on equity of 7.90% and a net margin of 4.66%. Sell-side analysts anticipate that Total Energy Services Inc. will post 1.7297735 EPS for the current fiscal year.

Total Energy Services Increases Dividend

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

Insiders Place Their Bets

In other news, Director Kenneth Brandon Mullen bought 8,780 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of C$9.95 per share, for a total transaction of C$87,361.00. Over the last 90 days, insiders have acquired 10,130 shares of company stock worth $101,689. 7.09% of the stock is owned by corporate insiders.

About Total Energy Services

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.