Total Energy Services (TSE:TOT) Share Price Passes Above 200 Day Moving Average of $9.38

Total Energy Services Inc. (TSE:TOT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.38 and traded as high as C$9.70. Total Energy Services shares last traded at C$9.44, with a volume of 14,959 shares.

Wall Street Analysts Forecast Growth

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

Total Energy Services Stock Performance

The stock has a market cap of C$377.74 million, a P/E ratio of 11.52, a PEG ratio of 1.77 and a beta of 2.09. The company has a fifty day moving average of C$9.49 and a 200 day moving average of C$9.38. The company has a debt-to-equity ratio of 29.11, a current ratio of 1.64 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT) last announced its earnings results on Thursday, May 9th. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.46 by C($0.08). Total Energy Services had a net margin of 3.85% and a return on equity of 6.12%. The firm had revenue of C$204.69 million for the quarter, compared to analyst estimates of C$235.35 million. On average, equities analysts predict that Total Energy Services Inc. will post 1.7153558 earnings per share for the current fiscal year.

Total Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, June 28th. Total Energy Services’s dividend payout ratio (DPR) is presently 43.90%.

Insider Transactions at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc bought 815,543 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of C$9.60 per share, with a total value of C$7,832,719.63. In other Total Energy Services news, Director Daniel Kim Halyk bought 70,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of C$9.40 per share, with a total value of C$658,000.00. Also, insider Total Energy Services Inc bought 815,543 shares of the stock in a transaction on Friday, May 31st. The shares were acquired at an average cost of C$9.60 per share, for a total transaction of C$7,832,719.63. Over the last ninety days, insiders have purchased 898,866 shares of company stock valued at $8,619,064. 7.42% of the stock is owned by insiders.

Total Energy Services Company Profile

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.