Total Energy Services (TSE:TOT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Total Energy Services Inc. (TSE:TOT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.72 and traded as high as C$24.12. Total Energy Services shares last traded at C$23.88, with a volume of 178,516 shares.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their price objective on Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$33.00.

Total Energy Services Stock Up 1.4%

The stock has a market cap of C$888.03 million, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The firm has a 50 day simple moving average of C$23.40 and a 200-day simple moving average of C$21.74. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 11.42.

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

Insider Activity at Total Energy Services

In related news, Director Glenn Orval James Dagenais bought 1,570 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of C$22.08 per share, for a total transaction of C$34,665.60. Following the purchase, the director owned 78,165 shares in the company, valued at C$1,725,883.20. This represents a 2.05% increase in their position. Also, insider William John George Kosich sold 87,000 shares of Total Energy Services stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the sale, the insider directly owned 172,221 shares of the company’s stock, valued at C$3,921,472.17. The trade was a 33.56% decrease in their position. In the last three months, insiders bought 326,984 shares of company stock valued at $7,845,413. 7.73% of the stock is owned by company insiders.

Total Energy Services Company Profile

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.