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

Total Energy Services Inc. (TSE:TOT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.05 and traded as high as C$11.71. Total Energy Services shares last traded at C$11.71, with a volume of 55,561 shares traded.

Analyst Ratings Changes

TOT has been the subject of several analyst reports. 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. TD Securities decreased their price objective on shares of Total Energy Services from C$19.00 to C$18.00 in a research report on Tuesday, December 10th.

Total Energy Services Stock Performance

The company has a market capitalization of C$459.21 million, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02. 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 50-day simple moving average of C$11.29 and a 200-day simple moving average of C$10.07.

Insider Activity at Total Energy Services

In other news, insider Total Energy Services Inc purchased 134,854 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average cost of C$9.72 per share, with a total value of C$1,310,416.77. Also, Senior Officer Ashley Desiree Ting sold 9,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$11.15, for a total value of C$100,350.00. Insiders have purchased 145,647 shares of company stock valued at $1,435,460 over the last ninety days. Corporate 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.