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Total Energy Services (TSE:TOT) Shares Pass Below 200-Day Moving Average - Time to Sell?

Total Energy Services logo with Energy background

Total Energy Services Inc. (TSE:TOT - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.57 and traded as low as C$9.80. Total Energy Services shares last traded at C$9.88, with a volume of 67,456 shares traded.

Wall Street Analysts Forecast Growth

Separately, ATB Capital upped their price target on shares of Total Energy Services from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th.

Get Our Latest Stock Analysis on TOT

Total Energy Services Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The firm's 50-day moving average is C$9.35 and its two-hundred day moving average is C$10.57. The stock has a market cap of C$387.09 million, a price-to-earnings ratio of 9.21, a P/E/G ratio of 1.77 and a beta of 2.02.

Total Energy Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Total Energy Services's previous quarterly dividend of $0.09. Total Energy Services's dividend payout ratio is 32.21%.

Insider Buying and Selling

In other Total Energy Services news, insider Total Energy Services Inc acquired 445,936 shares of the business's stock in a transaction on Monday, April 14th. The stock was bought at an average price of C$9.83 per share, for a total transaction of C$4,385,735.97. Also, Director Daniel Kim Halyk acquired 7,000 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was acquired at an average price of C$8.96 per share, with a total value of C$62,720.00. Insiders purchased a total of 491,336 shares of company stock worth $4,795,834 in the last 90 days. 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.

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