Total Energy Services (TSE:TOT) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Total Energy Services Inc. (TSE:TOTGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$21.39 and traded as high as C$23.98. Total Energy Services shares last traded at C$23.33, with a volume of 199,145 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets lifted their price target on shares of Total Energy Services from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$33.00.

Read Our Latest Report on Total Energy Services

Total Energy Services Stock Performance

The firm has a market cap of C$866.39 million, a P/E ratio of 11.20, a PEG ratio of 1.77 and a beta of 0.76. The stock’s 50 day moving average is C$23.63 and its two-hundred day moving average is C$21.45. The company has a debt-to-equity ratio of 11.42, a current ratio of 1.35 and a quick ratio of 1.09.

Total Energy Services (TSE:TOTGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.65 EPS 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%. As a group, equities analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Buying and Selling

In related news, insider Total Energy Services Inc bought 314,804 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of C$24.01 per share, for a total transaction of C$7,558,444.04. Following the transaction, the insider directly owned 326,814 shares of the company’s stock, valued at C$7,846,804.14. This represents a 2,621.18% increase in their ownership of the stock. Also, insider William John George Kosich sold 87,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$22.77, for a total value of C$1,980,990.00. Following the completion of the sale, the insider directly owned 172,221 shares in the company, valued at approximately C$3,921,472.17. This represents a 33.56% decrease in their position. In the last quarter, insiders acquired 326,984 shares of company stock valued at $7,845,413. 7.73% of the stock is currently owned by corporate insiders.

Total Energy Services Company Profile

(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.

Further Reading

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