Total Energy Services (TSE:TOT) Stock Passes Above 200 Day Moving Average of $8.92

Total Energy Services Inc. (TSE:TOT)’s stock price passed 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 traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Total Energy Services from C$15.00 to C$16.00 in a research note on Monday, March 11th. ATB Capital increased their price target on Total Energy Services from C$16.75 to C$17.00 in a research note on Monday, March 11th.

Total Energy Services Price Performance

The company has a 50 day moving average of C$9.96 and a two-hundred day moving average of C$8.93. The firm has a market cap of C$382.21 million, a P/E ratio of 9.47, a PEG ratio of 1.77 and a beta of 2.08. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 20.49.

Total Energy Services (TSE:TOT) last announced 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). Total Energy Services had a net margin of 4.66% and a return on equity of 7.90%. The firm had revenue of C$213.76 million for the quarter, compared to the consensus estimate of C$218.00 million. Sell-side analysts expect that Total Energy Services Inc. will post 1.7297735 EPS for the current year.

Total Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a $0.09 dividend. This is a positive change from Total Energy Services’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.77%. Total Energy Services’s dividend payout ratio (DPR) is 35.64%.

Insider Activity at Total Energy Services

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