Total Energy Services (TSE:TOT) Stock Price Passes Above 200-Day Moving Average of $3.20

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Total Energy Services Inc. (TSE:TOT)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.20 and traded as high as C$4.07. Total Energy Services shares last traded at C$4.06, with a volume of 74,222 shares changing hands.

A number of equities analysts have recently issued reports on TOT shares. BMO Capital Markets increased their price objective on shares of Total Energy Services from C$4.00 to C$5.00 and gave the company a “na” rating in a research note on Friday, March 12th. ATB Capital increased their price objective on Total Energy Services from C$5.50 to C$6.50 and gave the stock a “na” rating in a research note on Wednesday, March 17th. Finally, Canaccord Genuity raised shares of Total Energy Services from a “hold” rating to a “buy” rating and upped their target price for the stock from C$3.00 to C$4.50 in a report on Thursday, January 7th. Three equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$4.60.

The firm’s 50-day moving average is C$3.96 and its two-hundred day moving average is C$3.21. The company has a debt-to-equity ratio of 48.52, a quick ratio of 1.58 and a current ratio of 3.25. The stock has a market cap of C$175.82 million and a P/E ratio of -5.74.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Thursday, March 11th. The company reported C($0.04) EPS for the quarter, beating analysts’ consensus estimates of C($0.22) by C$0.18. The company had revenue of C$83.47 million during the quarter, compared to the consensus estimate of C$88.00 million. As a group, research analysts forecast that Total Energy Services Inc. will post -0.27 EPS for the current year.

In other Total Energy Services news, insider Total Energy Services Inc purchased 81,300 shares of the stock in a transaction on Monday, March 29th. The shares were purchased at an average cost of C$4.02 per share, for a total transaction of C$327,159.33. Following the purchase, the insider now owns 81,300 shares of the company’s stock, valued at C$327,159.33.

Total Energy Services Company Profile (TSE:TOT)

Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.

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