Source Energy Services (TSE:SHLE) Stock Price Down 2.5% – What’s Next?

Source Energy Services Ltd. (TSE:SHLE) shares dropped 2.5% during mid-day trading on Wednesday . The company traded as low as C$14.52 and last traded at C$14.93. Approximately 13,140 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 17,671 shares. The stock had previously closed at C$15.31.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their price objective on Source Energy Services from C$14.00 to C$16.00 in a report on Thursday, November 7th.

Source Energy Services Stock Performance

The company has a market cap of C$202.30 million, a P/E ratio of 1.29 and a beta of 2.82. The company’s fifty day moving average is C$15.91 and its 200 day moving average is C$13.51. The company has a current ratio of 0.59, a quick ratio of 0.22 and a debt-to-equity ratio of 123.18.

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.