Trade Alert: The President Of Total Energy Services Inc. (TSE:TOT), Daniel Halyk, Has Just Spent CA$102k Buying 1.4% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Total Energy Services Inc. (TSE:TOT) President, Daniel Halyk, recently bought CA$102k worth of stock, for CA$3.40 per share. Although the purchase is not a big one, increasing their shareholding by only 1.4%, it can be interpreted as a good sign.
Check out our latest analysis for Total Energy Services
The Last 12 Months Of Insider Transactions At Total Energy Services
In fact, the recent purchase by President Daniel Halyk was not their only acquisition of Total Energy Services shares this year. Earlier in the year, they paid CA$2.34 per share in a CA$206k purchase. Even though the purchase was made at a significantly lower price than the recent price (CA$3.50), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Over the last year, we can see that insiders have bought 832.78k shares worth CA$2.0m. But they sold 1.00k shares for CA$3.1k. In the last twelve months there was more buying than selling by Total Energy Services insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Total Energy Services is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Total Energy Services
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Total Energy Services insiders own about CA$12m worth of shares (which is 7.6% of the company). We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Total Energy Services Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Total Energy Services shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Total Energy Services has 2 warning signs and it would be unwise to ignore these.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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