Shares of Total Energy Services Inc. (TSE:TOT – Get Free Report) 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.
Check Out Our Latest Stock Analysis on TOT
Total Energy Services Trading Down 1.1 %
Total Energy Services (TSE:TOT – Get Free Report) 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.
See Also
- Five stocks we like better than Total Energy Services
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- Health Care Stocks Explained: Why You Might Want to Invest
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Dividend Capture Strategy: What You Need to Know
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Total Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.