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

Total Energy Services Inc. (TSE:TOT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$21.00 and traded as high as C$24.99. Total Energy Services shares last traded at C$24.85, with a volume of 162,930 shares traded.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their price objective on shares of Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$33.00.

Total Energy Services Stock Up 1.5%

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 company has a market cap of C$937.16 million, a PE ratio of 12.11, a P/E/G ratio of 1.77 and a beta of 0.76. The stock has a 50-day moving average of C$23.88 and a 200-day moving average of C$21.07.

Total Energy Services (TSE:TOT) last posted its earnings results on Tuesday, May 12th. The company reported C$0.65 EPS for the quarter. The business had revenue of C$314.90 million during the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%. Sell-side analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Total Energy Services news, insider William John George Kosich sold 87,000 shares of Total Energy Services stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the completion of the sale, the insider directly owned 172,221 shares in the company, valued at C$3,921,472.17. The trade was a 33.56% decrease in their ownership of the stock. Also, insider Total Energy Services Inc purchased 314,804 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of C$24.01 per share, with a total value of C$7,558,444.04. Following the purchase, the insider owned 326,814 shares in the company, valued at approximately C$7,846,804.14. This represents a 2,621.18% increase in their ownership of the stock. Insiders purchased a total of 326,984 shares of company stock worth $7,845,413 over the last three months. Company 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.