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

Source Energy Services (TSE:SHLE) had its target price hoisted by analysts at BMO Capital Markets from C$16.00 to C$18.00 in a note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 11.66% from the company’s current price.

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

Source Energy Services Stock Performance

Shares of Source Energy Services stock opened at C$16.12 on Tuesday. The firm has a 50 day simple moving average of C$11.30 and a 200 day simple moving average of C$8.42. Source Energy Services has a fifty-two week low of C$3.78 and a fifty-two week 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 market cap of C$218.43 million, a P/E ratio of 1.36 and a beta of 2.96.

Insider Transactions at Source Energy Services

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

About Source Energy Services

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.