Total Energy Services (TSE:TOT) Share Price Crosses Above 200 Day Moving Average - What's Next?

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) crossed 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 trading hands.

Analysts Set New Price Targets

Separately, ATB Capital lifted 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 report on Monday, May 5th.

Total Energy Services Stock Performance

The firm has a market cap of C$449.10 million, a PE ratio of 10.69, a PEG ratio of 1.77 and a beta of 2.02. 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 simple moving average is C$11.05 and its 200 day simple moving average is C$10.35.

Total Energy Services Announces Dividend

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

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, Senior Officer Bradley John Macson sold 10,000 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were 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 Total Energy Services stock in a transaction dated Monday, July 14th. The stock was acquired at an average price of C$10.83 per share, for a total transaction of C$476,528.80. In the last quarter, insiders acquired 47,400 shares of company stock worth $512,510. Corporate insiders own 7.73% of the company's stock.

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.