Total Energy Services (TSE:TOT) Stock Passes Above 200-Day Moving Average – Time to Sell?

Total Energy Services Inc. (TSE:TOT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.04 and traded as high as C$16.69. Total Energy Services shares last traded at C$16.64, with a volume of 37,952 shares trading hands.

Analyst Ratings Changes

Separately, ATB Capital cut their price objective on shares of Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$20.00.

Total Energy Services Trading Up 1.0%

The firm’s 50 day moving average is C$15.37 and its 200 day moving average is C$14.04. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09. The company has a market capitalization of C$612.78 million, a PE ratio of 10.40, a P/E/G ratio of 1.77 and a beta of 1.09.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported C$0.38 earnings per share for the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. The business had revenue of C$260.70 million during the quarter. As a group, equities analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Activity

In other Total Energy Services news, Director Daniel Kim Halyk purchased 5,000 shares of Total Energy Services stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average price of C$14.80 per share, for a total transaction of C$74,000.00. Following the acquisition, the director directly owned 855,000 shares in the company, valued at approximately C$12,654,000. This trade represents a 0.59% increase in their ownership of the stock. Also, insider Total Energy Services Inc purchased 300,892 shares of the stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the transaction, the insider directly owned 312,892 shares in the company, valued at C$4,699,637.84. The trade was a 2,507.43% increase in their ownership of the stock. Insiders purchased 309,062 shares of company stock worth $4,639,470 over the last three months. 7.73% of the stock is 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.