Total Energy Services (TSE:TOT) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Total Energy Services Inc. (TSE:TOT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.39 and traded as high as C$23.98. Total Energy Services shares last traded at C$23.33, with a volume of 199,145 shares trading hands.

Analyst Upgrades and Downgrades

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 note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Total Energy Services has an average rating of “Buy” and an average target price of C$33.00.

Total Energy Services Stock Down 0.9%

The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35. The stock has a market cap of C$855.39 million, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The business’s 50 day moving average is C$23.69 and its 200 day moving average is C$21.39.

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

Insiders Place Their Bets

In other Total Energy Services news, Director Glenn Orval James Dagenais acquired 1,570 shares of Total Energy Services stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of C$22.08 per share, with a total value of C$34,665.60. Following the purchase, the director owned 78,165 shares in the company, valued at approximately C$1,725,883.20. The trade was a 2.05% increase in their ownership of the stock. Also, insider Total Energy Services Inc acquired 314,804 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the transaction, the insider directly owned 326,814 shares in the company, valued at approximately C$7,846,804.14. This trade represents a 2,621.18% increase in their position. Insiders bought a total of 326,984 shares of company stock valued at $7,845,413 over the last ninety days. Corporate 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.