President Daniel Halyk Just Bought A Handful Of Shares In Total Energy Services Inc. (TSE:TOT)

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$70k worth of stock, for CA$3.50 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

See our latest analysis for Total Energy Services

Total Energy Services Insider Transactions Over The Last Year

In fact, the recent purchase by President Daniel Halyk was not their only acquisition of Total Energy Services shares this year. They previously made an even bigger purchase of CA$206k worth of shares at a price of CA$2.34 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$3.39), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 764.94k shares for CA$1.8m. On the other hand they divested 1.00k shares, for CA$3.1k. In the last twelve months there was more buying than selling by Total Energy Services insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Total Energy Services insiders own 7.4% of the company, worth about CA$12m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Total Energy Services Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Total Energy Services we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Total Energy Services. Case in point: We've spotted 2 warning signs for Total Energy Services you should be aware of.

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.

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