Total Energy Services (TSE:TOT) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Total Energy Services Inc. (TSE:TOT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.50 and traded as high as C$9.68. Total Energy Services shares last traded at C$9.60, with a volume of 54,597 shares changing hands.

Wall Street Analysts Forecast Growth

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

Total Energy Services Stock Performance

The company has a market capitalization of C$375.68 million, a P/E ratio of 9.21, a P/E/G ratio of 1.77 and a beta of 2.02. The stock's 50-day moving average price is C$9.45 and its 200-day moving average price is C$9.50. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21.

Total Energy Services (TSE:TOT - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.39 earnings per share 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 firm had revenue of C$213.33 million for the quarter, compared to the consensus estimate of C$196.00 million. As a group, equities analysts expect that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Total Energy Services Announces Dividend

The business also recently declared 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 3.72%. Total Energy Services's dividend payout ratio is currently 34.29%.

Insider Activity

In other news, insider Total Energy Services Inc purchased 134,854 shares of the business's stock in a transaction dated Friday, October 11th. The stock was bought at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. In other Total Energy Services news, Director Daniel Kim Halyk purchased 5,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of C$9.20 per share, for a total transaction of C$46,000.00. Also, insider Total Energy Services Inc bought 134,854 shares of the business's stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average price of C$9.72 per share, with a total value of C$1,310,416.77. Insiders acquired 436,204 shares of company stock worth $4,141,323 over the last quarter. Corporate insiders own 7.73% of the company's stock.

Total Energy Services Company Profile

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.