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Total Energy Services (TSE:TOT) Stock Price Crosses Above 200 Day Moving Average - Time to 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%.
  • MarketBeat previews top five stocks to own in October.

Total Energy Services Inc. (TSE:TOT - Get Free Report)'s share price passed 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.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on TOT

Total Energy Services Price Performance

The firm's fifty day moving average price is C$11.67 and its 200 day moving average price is C$10.50. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. The stock has a market cap of C$495.69 million, a PE ratio of 7.84, a P/E/G ratio of 1.77 and a beta of 1.21.

Total Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 30th. Total Energy Services's dividend payout ratio is 22.35%.

Insider Activity

In related news, insider Total Energy Services Inc acquired 44,000 shares of the company's stock in a transaction on Monday, July 14th. The stock was acquired 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 stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$11.01, for a total transaction of C$110,100.00. 7.73% of the stock is owned by corporate insiders.

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.

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