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

Total Energy Services Inc. (TSE:TOT) passed 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 changing hands.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upped their target price on Total Energy Services from C$20.00 to C$24.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$24.00.

Total Energy Services Price Performance

The stock has a market capitalization of C$801.13 million, a price-to-earnings ratio of 10.36, a P/E/G ratio of 1.77 and a beta of 0.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 11.42. The business’s 50 day simple moving average is C$23.93 and its 200-day simple moving average is C$20.25.

Total Energy Services (TSE:TOT) last issued its earnings results on Tuesday, May 12th. The company reported C$0.65 EPS for the quarter. The company 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%. On average, research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Activity

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

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.