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

Total Energy Services Inc. (TSE:TOT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analyst Ratings Changes

A number of analysts have recently commented on the company. ATB Capital boosted their price target on Total Energy Services from C$16.75 to C$17.00 in a research report on Monday, March 11th. Stifel Nicolaus upped their price objective on Total Energy Services from C$15.00 to C$16.00 in a research report on Monday, March 11th.

Total Energy Services Price Performance

The firm has a market capitalization of C$395.40 million, a P/E ratio of 9.79, a PEG ratio of 1.77 and a beta of 2.08. 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 firm has a 50-day moving average of C$10.00 and a 200-day moving average of C$8.96.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Thursday, March 7th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.35 by C($0.54). The business had revenue of C$213.76 million during the quarter, compared to the consensus estimate of C$218.00 million. Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. As a group, analysts predict that Total Energy Services Inc. will post 1.7297735 EPS for the current year.

Total Energy Services Increases Dividend

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

Insider Buying and Selling at Total Energy Services

In related news, Director Kenneth Brandon Mullen bought 8,780 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of C$9.95 per share, for a total transaction of C$87,361.00. In the last ninety days, insiders purchased 10,130 shares of company stock worth $101,689. Insiders own 7.09% of the company’s stock.

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.