Total Energy Services (TSE:TOT) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened


Total Energy Services (TSE:TOT) Stock Price Crosses Above 200 Day Moving Average   - Here's What Happened

Total Energy Services Inc. (TSE:TOT - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.48 and traded as high as C$10.69. Total Energy Services shares last traded at C$10.58, with a volume of 37,211 shares.

Separately, ATB Capital raised their price target on shares of Total Energy Services from C$16.50 to C$18.00 in a report on Friday, August 9th.

Get Our Latest Stock Analysis on TOT

The stock has a fifty day moving average price of C$9.57 and a 200 day moving average price of C$9.48. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The firm has a market cap of C$411.03 million, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02.

Total Energy Services (TSE:TOT - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.39 EPS for the quarter, beating the consensus estimate of C$0.25 by C$0.14. Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. The company had revenue of C$213.33 million for the quarter, compared to the consensus estimate of C$196.00 million. As a group, analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.40%. Total Energy Services's payout ratio is presently 34.29%.

In other news, Director Daniel Kim Halyk purchased 5,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of C$9.14 per share, for a total transaction of C$45,700.00. In other Total Energy Services news, Director Daniel Kim Halyk purchased 5,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of C$9.14 per share, for a total transaction of C$45,700.00. Also, insider Total Energy Services Inc acquired 279,000 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average price of C$9.41 per share, for a total transaction of C$2,624,748.30. Insiders have bought 436,204 shares of company stock worth $4,141,323 in the last quarter. 7.73% of the stock is currently owned by company insiders.

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.

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