Total Energy Services (TSE:TOT) Share Price Passes Above 200-Day Moving Average of $7.62

Total Energy Services Inc. (TSE:TOTGet Rating)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.62 and traded as high as C$7.80. Total Energy Services shares last traded at C$7.56, with a volume of 25,875 shares.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised Total Energy Services to a “buy” rating and set a C$11.00 target price on the stock in a report on Thursday, May 12th.

Total Energy Services Price Performance

The company has a current ratio of 1.89, a quick ratio of 1.14 and a debt-to-equity ratio of 36.83. The firm has a market cap of C$320.05 million and a price-to-earnings ratio of 58.15. The stock has a 50-day moving average of C$7.94 and a two-hundred day moving average of C$7.62.

Total Energy Services (TSE:TOTGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.03). The company had revenue of C$161.45 million during the quarter, compared to analyst estimates of C$153.00 million. On average, analysts anticipate that Total Energy Services Inc. will post 0.7647762 EPS for the current year.

Insider Activity at Total Energy Services

In related news, Director Daniel Kim Halyk purchased 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The stock was acquired at an average price of C$6.85 per share, for a total transaction of C$52,060.00. Following the transaction, the director now directly owns 1,842,600 shares of the company’s stock, valued at approximately C$12,621,810. In other Total Energy Services news, insider Total Energy Services Inc acquired 120,934 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was purchased at an average cost of C$8.24 per share, for a total transaction of C$995,891.49. Following the transaction, the insider now owns 132,934 shares of the company’s stock, valued at approximately C$1,094,711.49. Also, Director Daniel Kim Halyk acquired 7,600 shares of the firm’s stock in a transaction on Wednesday, July 13th. The shares were acquired at an average price of C$6.85 per share, with a total value of C$52,060.00. Following the completion of the transaction, the director now directly owns 1,842,600 shares in the company, valued at approximately C$12,621,810. Insiders purchased 174,534 shares of company stock worth $1,453,582 in the last quarter.

Total Energy Services Company Profile

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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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