Total Energy Services (TSE:TOT) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Total Energy Services Inc. (TSE:TOT) crossed 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.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Securities cut their price objective on Total Energy Services from C$19.00 to C$18.00 in a research report on Tuesday, December 10th. ATB Capital boosted their price target on shares of 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 company has a 50 day simple moving average of C$11.07 and a 200 day simple moving average of C$9.98. The company has a market capitalization 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. The company has a debt-to-equity ratio of 27.21, a quick ratio of 1.09 and a current ratio of 1.31.

Insider Activity at Total Energy Services

In other Total Energy Services news, Senior Officer Ashley Desiree Ting sold 9,000 shares of the 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, insider Total Energy Services Inc bought 134,854 shares of the stock in a transaction dated Friday, October 11th. The shares were bought at an average price of C$9.72 per share, for a total transaction of C$1,310,416.77. In the last ninety days, insiders bought 145,647 shares of company stock valued at $1,435,460. 7.73% of the stock is owned by insiders.

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.