Total Energy Services (TSE:TOT) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Total Energy Services Inc. (TSE:TOT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analyst Weigh In

Separately, ATB Capital raised 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 Trading Down 1.1 %

The stock has a market cap of C$371.02 million, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.77 and a beta of 2.02. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09. The company’s fifty day moving average price is C$9.40 and its 200-day moving average price is C$9.52.

Total Energy Services (TSE:TOT) last released its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share for the quarter, topping the consensus estimate of C$0.25 by C$0.14. The company had revenue of C$213.33 million for the quarter, compared to the consensus estimate of C$196.00 million. Total Energy Services had a net margin of 4.90% and a return on equity of 7.83%. On average, research analysts expect that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Announces Dividend

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

Insider Buying and Selling

In other news, Director Daniel Kim Halyk acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$9.14 per share, with a total value of C$45,700.00. In other Total Energy Services news, insider Total Energy Services Inc purchased 134,854 shares of the stock in a transaction on Friday, October 11th. The shares were bought at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. Also, Director Daniel Kim Halyk purchased 5,000 shares of the business’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. Insiders bought 436,204 shares of company stock worth $4,141,323 in the last 90 days. Insiders own 7.73% of the company’s stock.

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.