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

Total Energy Services Inc. (TSE:TOT)’s share 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.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. ATB Capital increased 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. TD Securities dropped 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 Price Performance

The company’s 50-day moving average price is C$11.65 and its two-hundred day moving average price is C$10.50. The company has a debt-to-equity ratio of 27.21, a current ratio of 1.31 and a quick ratio of 1.09. The company has a market capitalization of C$440.95 million, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02.

Insider Activity at Total Energy Services

In other Total Energy Services news, Senior Officer Ashley Desiree Ting sold 8,500 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$12.25, for a total value of C$104,125.00. Also, Director Daniel Kim Halyk bought 3,143 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of C$11.55 per share, with a total value of C$36,301.65. In the last 90 days, insiders have purchased 62,343 shares of company stock worth $739,925. 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.