Total Energy Services (TSE:TOT) Share Price Passes Above 200-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 - ) passed 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 traded.

Total Energy Services Stock Performance

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 business has a 50 day simple moving average of C$11.98 and a two-hundred day simple moving average of C$10.60. The firm has a market cap of C$481.56 million, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24.

Total Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. Total Energy Services's payout ratio is 22.35%.

Insiders Place Their Bets

In other news, insider Total Energy Services Inc purchased 44,000 shares of the company's stock in a transaction dated Monday, July 14th. The shares were 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 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. Insiders have bought a total of 46,700 shares of company stock worth $508,683 in the last three months. Corporate insiders own 7.73% of the company's stock.

About Total Energy Services

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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