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

Total Energy Services logo with Energy background
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Key Points

  • Total Energy Services passed above its 200‑day moving average, trading as high as C$23.35 and last at C$23.30 versus a 200‑day MA of C$16.98, indicating a technical breakout.
  • ATB Cormark raised its price target to C$24 (from C$20); the stock has a consensus Buy rating with an average price target of C$24.
  • Insiders purchased roughly 49,908 shares (~C$1.09M) in the past three months; the company shows a P/E of 11.95, quarterly EPS of C$1.50, and a C$0.48 annualized dividend (2.1% yield).
  • MarketBeat previews the top five stocks to own by May 1st.

Total Energy Services Inc. (TSE:TOT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.98 and traded as high as C$23.35. Total Energy Services shares last traded at C$23.30, with a volume of 95,984 shares.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets increased their price target on Total Energy Services from C$20.00 to C$24.00 in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$24.00.

View Our Latest Research Report on Total Energy Services

Total Energy Services Price Performance

The firm has a 50-day simple moving average of C$20.75 and a two-hundred day simple moving average of C$16.98. The company has a market capitalization of C$855.39 million, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.77 and a beta of 0.34. The company has a current ratio of 1.41, a quick ratio of 1.09 and a debt-to-equity ratio of 13.67.

Total Energy Services (TSE:TOT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share for the quarter. Total Energy Services had a return on equity of 12.57% and a net margin of 6.97%.The company had revenue of C$301.71 million for the quarter. As a group, analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. Total Energy Services's dividend payout ratio (DPR) is currently 20.51%.

Insider Transactions at Total Energy Services

In related news, Director Glenn Orval James Dagenais purchased 1,570 shares of the firm's stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average cost of C$23.47 per share, with a total value of C$36,847.90. Following the purchase, the director owned 76,595 shares of the company's stock, valued at C$1,797,684.65. This represents a 2.09% increase in their position. Also, insider Total Energy Services Inc bought 46,738 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was acquired at an average cost of C$21.78 per share, for a total transaction of C$1,017,953.64. Following the completion of the purchase, the insider directly owned 46,738 shares in the company, valued at approximately C$1,017,953.64. This represents a ∞ increase in their ownership of the stock. Insiders bought a total of 49,908 shares of company stock worth $1,091,906 in the last three months. 7.73% of the stock is owned by corporate insiders.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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