Total Energy Services (TSE:TOT) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Total Energy Services Inc. (TSE:TOT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.72 and traded as high as C$24.12. Total Energy Services shares last traded at C$23.88, with a volume of 178,516 shares.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets boosted their price objective on shares of Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$33.00.

Total Energy Services Stock Performance

The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 11.42. The stock has a market capitalization of C$875.56 million, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The firm’s fifty day moving average price is C$23.40 and its 200 day moving average price is C$21.72.

Total Energy Services (TSE:TOT) last posted its earnings results on Tuesday, May 12th. The company reported C$0.65 earnings per share for the quarter. The firm had revenue of C$314.90 million during the quarter. Total Energy Services had a net margin of 7.04% and a return on equity of 13.24%. Analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Transactions at Total Energy Services

In other news, Director Glenn Orval James Dagenais acquired 1,570 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of C$22.08 per share, with a total value of C$34,665.60. Following the completion of the purchase, the director owned 78,165 shares of the company’s stock, valued at C$1,725,883.20. This represents a 2.05% increase in their position. Also, insider Total Energy Services Inc acquired 314,804 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of C$24.01 per share, for a total transaction of C$7,558,444.04. Following the acquisition, the insider directly owned 326,814 shares in the company, valued at approximately C$7,846,804.14. This trade represents a 2,621.18% increase in their position. In the last ninety days, insiders have acquired 326,984 shares of company stock valued at $7,845,413. 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.