Total Energy Services (TSE:TOT) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Total Energy Services Inc. (TSE:TOT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$21.00 and traded as high as C$24.99. Total Energy Services shares last traded at C$24.85, with a volume of 162,930 shares trading hands.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets lifted their price objective 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 research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$33.00.

Total Energy Services Trading Up 3.8%

The stock has a market cap of C$911.13 million, a PE ratio of 11.78, a PEG ratio of 1.77 and a beta of 0.76. The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35. The stock has a fifty day moving average price of C$23.88 and a 200 day moving average price of C$21.00.

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

Insider Activity

In other news, insider Total Energy Services Inc bought 314,804 shares of the stock in a transaction dated 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 owned 326,814 shares of the company’s stock, valued at C$7,846,804.14. The trade was a 2,621.18% increase in their ownership of the stock. Also, insider William John George Kosich sold 87,000 shares of Total Energy Services stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the transaction, the insider directly owned 172,221 shares of the company’s stock, valued at approximately C$3,921,472.17. This represents a 33.56% decrease in their ownership of the stock. Over the last three months, insiders have acquired 326,984 shares of company stock worth $7,845,413. 7.73% of the stock is currently owned by insiders.

About Total Energy Services

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.