Source Energy Services (TSE:SHLE) Price Target Raised to C$18.00

Source Energy Services (TSE:SHLE) had its target price lifted by analysts at BMO Capital Markets from C$16.00 to C$18.00 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 11.66% from the stock’s previous close.

Separately, Acumen Capital lifted their price objective on Source Energy Services from C$15.00 to C$15.50 in a research note on Thursday, March 14th.

Source Energy Services Trading Up 3.9 %

Shares of TSE SHLE opened at C$16.12 on Tuesday. Source Energy Services has a 1 year low of C$3.78 and a 1 year high of C$16.25. The company has a debt-to-equity ratio of 131.13, a current ratio of 1.26 and a quick ratio of 0.22. The firm has a 50-day moving average of C$11.30 and a 200 day moving average of C$8.42. The stock has a market cap of C$218.43 million, a P/E ratio of 1.36 and a beta of 2.96.

Insider Activity at Source Energy Services

In other Source Energy Services news, Senior Officer Derren James Newell sold 11,500 shares of Source Energy Services stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$9.96, for a total value of C$114,540.00. 11.09% of the stock is currently owned by insiders.

Source Energy Services Company Profile

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