Total Energy Services (TSE:TOT) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Total Energy Services Inc. (TSE:TOT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.96 and traded as high as C$12.18. Total Energy Services shares last traded at C$11.40, with a volume of 4,224 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TOT shares. TD Securities reduced their price target on shares of Total Energy Services from C$19.00 to C$18.00 in a report on Tuesday, December 10th. ATB Capital raised their price target on Total Energy Services from C$18.00 to C$19.00 in a report on Tuesday, November 12th.

Total Energy Services Trading Up 0.2 %

The stock has a 50-day moving average of C$11.07 and a 200 day moving average of C$9.98. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21. The stock has a market cap of C$442.89 million, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.77 and a beta of 2.02.

Insider Activity

In other news, Senior Officer Ashley Desiree Ting sold 9,000 shares of the firm’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. Also, 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 purchased at an average price of C$9.72 per share, for a total transaction of C$1,310,416.77. Insiders have acquired 145,647 shares of company stock valued at $1,435,460 in the last ninety days. Insiders own 7.73% of the company’s stock.

About Total Energy Services

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.