Total Energy Services (TSE:TOT) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Total Energy Services Inc. (TSE:TOT) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

Total Energy Services Stock Down 3.5%

The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market cap of C$776.93 million, a PE ratio of 10.04, a PEG ratio of 1.77 and a beta of 0.70. The stock has a fifty day moving average price of C$23.99 and a 200-day moving average price of C$19.98.

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

Total Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, March 31st. Total Energy Services’s payout ratio is currently 19.91%.

Insider Buying and Selling

In related news, insider William John George Kosich sold 87,000 shares of Total Energy Services stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the transaction, the insider owned 172,221 shares in the company, valued at approximately C$3,921,472.17. The trade was a 33.56% decrease in their position. Also, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of C$22.00 per share, for a total transaction of C$110,000.00. Following the acquisition, the director directly owned 860,000 shares in the company, valued at approximately C$18,920,000. This represents a 0.58% increase in their position. Over the last ninety days, insiders have acquired 61,478 shares of company stock valued at $1,364,521. 7.73% of the stock is owned by corporate 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.