Total Energy Services (TSE:TOT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Total Energy Services Inc. (TSE:TOT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.25 and traded as high as C$22.41. Total Energy Services shares last traded at C$21.85, with a volume of 123,260 shares trading hands.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upped their price objective on shares of 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, According to data from MarketBeat, Total Energy Services has an average rating of “Buy” and a consensus price target of C$24.00.

Total Energy Services Price Performance

The company has a debt-to-equity ratio of 11.42, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of C$812.50 million, a PE ratio of 10.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The stock’s 50 day simple moving average is C$23.92 and its 200-day simple moving average is C$20.27.

Total Energy Services (TSE:TOT) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.65 EPS for the quarter. The business 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 forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc purchased 46,738 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was bought at an average price of C$21.78 per share, with a total value of C$1,017,953.64. Following the transaction, the insider directly owned 46,738 shares of the company’s stock, valued at approximately C$1,017,953.64. This represents a ∞ increase in their position. Also, Director Glenn Orval James Dagenais purchased 1,570 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of C$22.08 per share, with a total value of C$34,665.60. Following the purchase, the director owned 78,165 shares of the company’s stock, valued at approximately C$1,725,883.20. This represents a 2.05% increase in their ownership of the stock. Over the last 90 days, insiders purchased 58,308 shares of company stock worth $1,290,569. 7.73% of the stock is currently owned by corporate 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.