Total Energy Services (TSE:TOT) Stock Price Passes Below 200-Day Moving Average - Here's Why

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 changing hands.

Analysts Set New Price Targets

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

Total Energy Services Trading Up 0.8%

The stock has a 50-day simple moving average of C$9.35 and a two-hundred day simple moving average of C$10.59. The firm has a market cap of C$387.09 million, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40.

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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Total Energy Services's previous quarterly dividend of $0.09. Total Energy Services's dividend payout ratio is presently 32.21%.

Insider Transactions at Total Energy Services

In related news, insider Total Energy Services Inc purchased 445,936 shares of Total Energy Services stock in a transaction on Monday, April 14th. The shares were bought at an average price of C$9.83 per share, with a total value of C$4,385,735.97. Also, Director Daniel Kim Halyk purchased 7,000 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of C$8.96 per share, for a total transaction of C$62,720.00. Over the last ninety days, insiders acquired 491,336 shares of company stock worth $4,795,834. 7.73% of the stock is currently 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.