Total Energy Services (TSE:TOT) Share Price Passes Above 200-Day Moving Average – What’s Next?

Total Energy Services Inc. (TSE:TOT)’s stock price passed 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 changing hands.

Analysts Set New Price Targets

TOT has been the subject of several recent analyst reports. ATB Capital lifted their price objective on shares of Total Energy Services from C$18.00 to C$19.00 in a research report on Tuesday, November 12th. TD Securities decreased their price target on Total Energy Services from C$19.00 to C$18.00 in a report on Tuesday, December 10th.

Total Energy Services Stock Up 1.4 %

The company has a debt-to-equity ratio of 27.21, a quick ratio of 1.09 and a current ratio of 1.31. The firm’s 50-day moving average price is C$11.25 and its two-hundred day moving average price is C$10.05. The firm has a market cap of C$454.93 million, a PE ratio of 11.15, a P/E/G 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 company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of C$11.15, for a total value of C$100,350.00. Also, Director Daniel Kim Halyk purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of C$11.63 per share, for a total transaction of C$58,150.00. In the last three months, insiders bought 145,647 shares of company stock valued at $1,435,460. 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.