Free Trial

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

Total Energy Services logo with Energy background

Key Points

  • Total Energy Services Inc. shares surpassed their 200-day moving average of C$10.45, reaching a high of C$13.46 during trading.
  • ATB Capital raised its target price for the stock to C$18.00 and assigned it an "outperform" rating, with the consensus rating currently at "Buy".
  • The company announced a quarterly dividend of $0.10 per share, resulting in a 3.0% dividend yield, with a payout ratio of 32.21%.
  • Need better tools to track Total Energy Services? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Total Energy Services Inc. (TSE:TOT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.45 and traded as high as C$13.46. Total Energy Services shares last traded at C$13.22, with a volume of 86,046 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, ATB Capital boosted their target price on shares of Total Energy Services from C$17.00 to C$18.00 and gave the company an "outperform" rating in a report on Monday, May 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$18.00.

Get Our Latest Stock Report on TOT

Total Energy Services Trading Down 1.7%

The stock has a market cap of C$496.83 million, a P/E ratio of 11.83, a PEG ratio of 1.77 and a beta of 2.02. The firm's fifty day moving average price is C$11.52 and its two-hundred day moving average price is C$10.45. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09.

Total Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.40 annualized dividend and a dividend yield of 3.0%. Total Energy Services's dividend payout ratio is presently 32.21%.

Insider Buying and Selling at Total Energy Services

In other news, insider Total Energy Services Inc purchased 44,000 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were purchased at an average price of C$10.83 per share, with a total value of C$476,528.80. Also, Senior Officer Bradley John Macson sold 10,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$11.01, for a total transaction of C$110,100.00. Corporate insiders own 7.73% of the company's stock.

About Total Energy Services

(Get Free Report)

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company's operations are conducted in Canada, the United States of America, and Australia.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Total Energy Services Right Now?

Before you consider Total Energy Services, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Total Energy Services wasn't on the list.

While Total Energy Services currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid
NVIDIA Earnings: All Signs Point to More Growth Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines