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

Total Energy Services Inc. (TSE:TOT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.50 and traded as high as C$11.50. Total Energy Services shares last traded at C$11.35, with a volume of 29,158 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on TOT. TD Securities reduced their price objective on shares of Total Energy Services from C$19.00 to C$18.00 in a research note on Tuesday, December 10th. ATB Capital upped their target price 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 1.1 %

The business has a 50 day simple moving average of C$11.65 and a 200-day simple moving average of C$10.50. The stock has a market capitalization of C$440.95 million, a price-to-earnings ratio of 10.81, a PEG ratio of 1.77 and a beta of 2.02. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09.

Insiders Place Their Bets

In other news, Director Daniel Kim Halyk bought 3,143 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of C$11.55 per share, for a total transaction of C$36,301.65. Also, insider Total Energy Services Inc purchased 49,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost 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. Company 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.