Source Energy Services Ltd (TSE:SHLE) Receives C$1.37 Consensus Target Price from Brokerages

Shares of Source Energy Services Ltd (TSE:SHLE) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$1.30.

SHLE has been the topic of a number of research reports. TD Securities upped their price target on Source Energy Services to C$0.60 and gave the stock a “reduce” rating in a report on Friday, August 2nd. Canaccord Genuity lowered their price target on Source Energy Services from C$1.00 to C$0.75 in a report on Friday, August 16th. Finally, BMO Capital Markets lowered their price target on Source Energy Services from C$1.00 to C$0.50 in a report on Tuesday.

TSE SHLE traded up C$0.02 on Friday, hitting C$0.61. 2,100 shares of the company’s stock were exchanged, compared to its average volume of 60,542. The company has a debt-to-equity ratio of 93.41, a current ratio of 1.68 and a quick ratio of 0.74. The firm’s 50-day moving average price is C$0.56 and its two-hundred day moving average price is C$0.96. Source Energy Services has a fifty-two week low of C$0.47 and a fifty-two week high of C$4.52. The firm has a market cap of $38.40 million and a price-to-earnings ratio of -0.89.

Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system.

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Analyst Recommendations for Source Energy Services (TSE:SHLE)

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