Total Energy Services (TSE:TOT) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Total Energy Services shares crossed above their 200-day moving average, trading as high as C$24.12 before closing at C$23.88, compared with the C$21.72 long-term average.
• Analyst sentiment remains positive: ATB Cormark raised its price target to C$33.00 and reiterated an “outperform” rating, while the broader analyst consensus is “Buy.”
• The company reported quarterly EPS of C$0.65 on C$314.9 million in revenue, while insider activity was mixed: one insider sold 87,000 shares, but insiders collectively bought 326,984 shares over the past 90 days.

Shares of Total Energy Services Inc. (TSE:TOT - Get Free Report) passed 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets boosted their target price on Total Energy Services from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Total Energy Services currently has an average rating of "Buy" and an average target price of C$33.00.

Total Energy Services Stock Performance

The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35. The firm's 50-day moving average price is C$23.40 and its two-hundred day moving average price is C$21.72. The stock has a market cap of C$875.56 million, a price-to-earnings ratio of 11.32, a PEG ratio of 1.77 and a beta of 0.74.

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

Insider Activity

In other news, insider William John George Kosich sold 87,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the completion of the sale, the insider owned 172,221 shares in the company, valued at C$3,921,472.17. This trade represents a 33.56% decrease in their position. Also, Director Glenn Orval James Dagenais purchased 1,570 shares of Total Energy Services stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average cost of C$22.08 per share, for a total transaction of C$34,665.60. Following the transaction, the director owned 78,165 shares in the company, valued at approximately C$1,725,883.20. This trade represents a 2.05% increase in their position. In the last 90 days, insiders acquired 326,984 shares of company stock worth $7,845,413. Corporate insiders own 7.73% of the company's stock.

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.

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