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

Shares of Total Energy Services Inc. (TSE:TOT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.30 and traded as high as C$11.94. Total Energy Services shares last traded at C$11.66, with a volume of 21,859 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. ATB Capital upped their price objective on Total Energy Services from C$18.00 to C$19.00 in a research note on Tuesday, November 12th. TD Securities lowered their price objective on Total Energy Services from C$19.00 to C$18.00 in a research note on Tuesday, December 10th.

Total Energy Services Stock Performance

The firm has a fifty day simple moving average of C$11.72 and a 200-day simple moving average of C$10.32. The company has a current ratio of 1.31, a quick ratio of 1.09 and a debt-to-equity ratio of 27.21. The stock has a market cap of C$452.99 million, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.77 and a beta of 2.02.

Total Energy Services (TSE:TOT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.50 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.02). Total Energy Services had a net margin of 4.90% and a return on equity of 7.83%. During the same period last year, the company posted $0.47 earnings per share. Analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Buying and Selling at Total Energy Services

In other news, insider Total Energy Services Inc purchased 49,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of C$11.91 per share, for a total transaction of C$583,433.20. Also, Senior Officer Ashley Desiree Ting sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of C$11.15, for a total value of C$100,350.00. In the last 90 days, insiders have bought 63,193 shares of company stock valued at $748,918 and have sold 27,500 shares valued at $325,359. Company insiders own 7.73% of the company’s stock.

About Total Energy Services

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.