Total Energy Services (TSE:TOT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Total Energy Services Inc. (TSE:TOT) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.53 and traded as high as C$9.92. Total Energy Services shares last traded at C$9.91, with a volume of 32,873 shares.

Analysts Set New Price Targets

Separately, ATB Capital upped their price objective on Total Energy Services from C$16.50 to C$18.00 in a research report on Friday, August 9th.

Total Energy Services Stock Down 1.1 %

The company has a market cap of C$371.02 million, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. The company has a debt-to-equity ratio of 27.21, a quick ratio of 1.09 and a current ratio of 1.31. The business’s fifty day moving average is C$9.40 and its two-hundred day moving average is C$9.52.

Total Energy Services (TSE:TOT) last issued its earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.14. The business had revenue of C$213.33 million for the quarter, compared to analyst estimates of C$196.00 million. Total Energy Services had a net margin of 4.90% and a return on equity of 7.83%. Equities analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Total Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Friday, September 27th. Total Energy Services’s dividend payout ratio (DPR) is presently 34.29%.

Insiders Place Their Bets

In other news, Director Daniel Kim Halyk purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of C$9.14 per share, for a total transaction of C$45,700.00. In other Total Energy Services news, insider Total Energy Services Inc acquired 134,854 shares of Total Energy Services stock in a transaction that occurred on Friday, October 11th. The stock was bought at an average price of C$9.72 per share, with a total value of C$1,310,416.77. Also, Director Daniel Kim Halyk bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of C$9.14 per share, for a total transaction of C$45,700.00. In the last ninety days, insiders bought 436,204 shares of company stock worth $4,141,323. 7.73% of the stock is currently 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.