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The President of Total Energy Services Inc. (TSE:TOT), Daniel Halyk, Just Bought A Few More Shares

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Simply Wall St
·3 min read
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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.

View our latest analysis for Total Energy Services

Total Energy Services Insider Transactions Over The Last Year

Notably, that recent purchase by President Daniel Halyk was not the only time they bought 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$3.39), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid CA$1.8m for 764.94k shares. But insiders sold 1.00k shares worth CA$3.1k. Overall, Total Energy Services insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

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).

Does Total Energy Services Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Total Energy Services insiders own 7.4% of the company, worth about CA$12m. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Total Energy Services Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. 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). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Total Energy Services. Every company has risks, and we've spotted 2 warning signs for Total Energy Services you should know about.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.