Total Energy Services (TSE:TOT) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Total Energy Services Inc. (TSE:TOT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.53 and traded as high as C$14.64. Total Energy Services shares last traded at C$14.46, with a volume of 23,818 shares trading hands.

Wall Street Analyst Weigh In

Separately, ATB Capital raised their target price on shares of Total Energy Services from C$18.00 to C$19.50 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Total Energy Services currently has an average rating of “Buy” and an average price target of C$18.75.

Total Energy Services Stock Down 1.2%

The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The business has a fifty day simple moving average of C$14.12 and a two-hundred day simple moving average of C$12.53. The company has a market cap of C$532.50 million, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05.

Total Energy Services (TSE:TOT) last issued its earnings results on Wednesday, November 12th. The company reported C$0.38 EPS for the quarter. The business had revenue of C$260.70 million during the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. As a group, equities research analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Total Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 29th. Total Energy Services’s payout ratio is currently 24.38%.

Insider Activity

In related news, insider Gurmeet Kaur Bhatia purchased 3,852 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was purchased at an average price of C$14.27 per share, with a total value of C$54,968.04. Following the completion of the acquisition, the insider owned 5,843 shares in the company, valued at C$83,379.61. This trade represents a 193.47% increase in their ownership of the stock. 7.73% of the stock is owned by company 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.