Total Energy Services (TSE:TOT) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Total Energy Services Inc. (TSE:TOT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.57 and traded as high as C$12.00. Total Energy Services shares last traded at C$11.17, with a volume of 54,920 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on TOT. TD Securities decreased their target price on shares of Total Energy Services from C$19.00 to C$18.00 in a report on Tuesday, December 10th. ATB Capital raised their price target on shares of Total Energy Services from C$18.00 to C$19.00 in a research note on Tuesday, November 12th.

Total Energy Services Trading Down 1.3 %

The business’s 50 day moving average price is C$11.56 and its two-hundred day moving average price is C$10.57. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The company has a market capitalization of C$419.79 million, a price-to-earnings ratio of 9.99, a P/E/G ratio of 1.77 and a beta of 2.02.

Insider Activity

In related news, Senior Officer Bradley John Macson sold 10,000 shares of Total Energy Services stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$12.09, for a total transaction of C$120,884.00. Also, insider Total Energy Services Inc bought 49,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average price of C$11.91 per share, for a total transaction of C$583,433.20. In the last three months, insiders have purchased 62,343 shares of company stock worth $739,925. Corporate insiders own 7.73% of the company’s stock.

Total Energy Services Company Profile

Total Energy Services Inc operates as an energy services company primarily in Canada, the United States, and Australia. It operates through Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing segments. The Contract Drilling Services segment operates a fleet of various drilling rigs supported by an extensive fleet of owned top drives, walking systems, pumps, and other ancillary equipment.