Total Energy Services (TSE:TOT) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Shares of Total Energy Services Inc. (TSE:TOT – Get Free Report ) broke above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $9.55 and traded as high as $9.89. Shares of Total Energy Services last traded at $9.76, with a volume of 193,749 shares changing hands.

Analysts set new price targets

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

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Performance of the total stock of energy services

The company has a 50-day moving average price of $9.34 and a 200-day moving average price of $9.55. The company has a quick ratio of 1.09, a current ratio of 1.31, and a debt-to-equity ratio of 27.21. The firm has a market cap of $379.18 million, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.77 and a beta of 2.03.

Total Energy Services (TSE:TOT – Get Your Free Report ) last announced its earnings results on Thursday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $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 $213.33 million for the quarter, compared to analyst estimates of $196.00 million. As a group, sell-side analysts estimate that Total Energy Services Inc. will post 2.0509978 earnings per share for the current year.

Total Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.09 dividend. This represents an annualized dividend of $0.36 and a dividend yield of 3.69%. The ex-dividend date is Friday, September 27. Total Energy Services’s payout ratio is currently 34.29%.

Insider buying and selling

In related news, Director Daniel Kim Halyk acquired 3,900 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of $9.25 per share, for a total transaction of $36,075.00. In other news, Director Daniel Kim Halyk bought 3,900 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of $9.25 per share, with a total value of $36,075.00. Also, insider Total Energy Services Inc purchased 279,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of $9.41 per share, for a total transaction of $2,624,748.30. Insiders have acquired 306,050 shares of company stock worth $2,873,758 over the last three months. Corporate insiders own 7.63% of the company’s shares.

Total Energy Services company profile

(Get a free report)

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States and Australia. It operates through the segments of Contract Drilling Services, Rental and Transportation Services, Compression and Process Services, and Well Services. The Contract Drilling Services segment operates a fleet of diverse drilling rigs supported by an extensive fleet of top-of-the-line owned drives, travel systems, pumps and other ancillary equipment.

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