Total Energy Services (TSE:TOT) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Total Energy Services' stock price has crossed above its 200-day moving average, trading as high as C$11.85, which could indicate a positive momentum in the stock's performance.
• ATB Capital has raised its target price for Total Energy Services from C$17.00 to C$18.00 and assigned an "outperform" rating, signaling bullish sentiment from analysts.
• The company declared a quarterly dividend of $0.10 per share, representing an annualized yield of 3.4%, which enhances its attractiveness to income-focused investors.

Shares of Total Energy Services Inc. (TSE:TOT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.34 and traded as high as C$11.85. Total Energy Services shares last traded at C$11.80, with a volume of 100,758 shares changing hands.

Analyst Ratings Changes

Separately, ATB Capital upped their price target 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 Stock Up 0.7%

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 company has a market capitalization of C$453.99 million, a price-to-earnings ratio of 10.81, a PEG ratio of 1.77 and a beta of 2.02. The firm's 50 day simple moving average is C$11.02 and its 200-day simple moving average is C$10.36.

Total Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 30th. Total Energy Services's payout ratio is currently 32.21%.

Insider Transactions at Total Energy Services

In other news, insider Total Energy Services Inc acquired 44,000 shares of Total Energy Services 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. Also, Senior Officer Bradley John Macson sold 10,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$11.01, for a total transaction of C$110,100.00. In the last 90 days, insiders purchased 47,400 shares of company stock valued at $512,510. 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.