Total Energy Services (TSE:TOT) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Total Energy Services shares have surpassed their 200-day moving average, trading as high as C$13.09 and closing at C$12.95, reflecting positive market momentum.
• The company declared a quarterly dividend of $0.10 per share, offering a 3.1% annualized yield, with a payout ratio of 22.35%.
• Insider activity includes the purchase of 44,000 shares by the company itself and a sale of 10,000 shares by a senior officer, indicating ongoing confidence in the company’s performance.

Shares of Total Energy Services Inc. (TSE:TOT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.60 and traded as high as C$13.09. Total Energy Services shares last traded at C$12.95, with a volume of 40,631 shares.

Total Energy Services Price Performance

The firm has a market cap of C$494.95 million, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24. 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 50 day moving average price of C$12.17 and a two-hundred day moving average price of C$10.68.

Total Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be given a $0.10 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. Total Energy Services's dividend payout ratio is currently 22.35%.

Insider Buying and Selling

In related news, Senior Officer Bradley John Macson sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$11.01, for a total value of C$110,100.00. Also, insider Total Energy Services Inc bought 44,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was purchased at an average price of C$10.83 per share, for a total transaction of C$476,528.80. In the last quarter, insiders purchased 46,700 shares of company stock worth $508,683. 7.73% of the stock is owned by insiders.

Total Energy Services Company Profile

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.