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Total Energy Services (TSE:TOT) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Total Energy Services logo with Energy background

Total Energy Services Inc. (TSE:TOT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.41 and traded as high as C$11.10. Total Energy Services shares last traded at C$11.10, with a volume of 101,037 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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. ATB Capital upped their price target on shares of Total Energy Services from C$18.00 to C$19.00 in a report on Tuesday, November 12th.

Check Out Our Latest Stock Analysis on Total Energy Services

Total Energy Services Stock Up 1.9 %

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 firm has a 50-day simple moving average of C$11.66 and a two-hundred day simple moving average of C$10.44. The company has a market cap of C$447.55 million, a PE ratio of 10.97, a P/E/G ratio of 1.77 and a beta of 2.02.

Total Energy Services (TSE:TOT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.50 EPS for the quarter, missing analysts' consensus estimates of C$0.52 by C($0.02). Total Energy Services had a return on equity of 7.83% and a net margin of 4.90%. During the same period in the previous year, the firm posted $0.47 EPS. Research analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Transactions at Total Energy Services

In related news, insider Total Energy Services Inc bought 49,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of C$11.91 per share, with a total value of C$583,433.20. Also, Senior Officer Ashley Desiree Ting sold 9,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$11.15, for a total transaction of C$100,350.00. Over the last ninety days, insiders bought 63,193 shares of company stock worth $748,918 and sold 27,500 shares worth $325,359. Insiders own 7.73% of the company's stock.

About Total Energy Services

(Get Free Report)

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.

Further Reading

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