Yahoo Finance Insider Buying: The Total Energy Services Inc. (TSE:TOT) President Just Bought 1.9% 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$64k worth of stock, for CA$2.12 per share. However, it only increased their shares held by 1.9%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Total Energy Services
The Last 12 Months Of Insider Transactions At Total Energy Services
In fact, the recent purchase by Daniel Halyk was the biggest purchase of Total Energy Services shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$2.10 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid CA$806k for 283.63k shares. But insiders sold 1000 shares worth CA$5.5k. Overall, Total Energy Services insiders were net buyers during the last year. Their average price was about CA$2.84. This is nice to see since it implies that insiders might see value around current prices (around CA$2.10). You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Total Energy Services insiders own 4.3% of the company, worth about CA$4.1m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Total Energy Services Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Total Energy Services insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 6 warning signs for Total Energy Services (2 are a bit concerning!) that we believe deserve your full attention.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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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