Total Energy Services (TSE:TOT) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Total Energy Services Inc. (TSE:TOT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Total Energy Services Price Performance

The company has a 50 day moving average of C$11.29 and a two-hundred day moving average of C$10.07. The firm has a market cap of C$459.21 million, a P/E ratio of 11.26, a PEG ratio of 1.77 and a beta of 2.02. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 27.21.

Insider Activity

In related news, Director Daniel Kim Halyk bought 3,143 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were bought at an average cost of C$11.55 per share, with a total value of C$36,301.65. Also, Senior Officer Ashley Desiree Ting sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$11.15, for a total value of C$100,350.00. In the last quarter, insiders acquired 145,647 shares of company stock worth $1,435,460. Corporate 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.