BMO Capital Markets Issues Positive Forecast for Source Energy Services (TSE:SHLE) Stock Price

Source Energy Services (TSE:SHLE) had its price objective lifted by equities researchers at BMO Capital Markets from C$14.00 to C$16.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 6.74% from the company’s previous close.

Source Energy Services Price Performance

SHLE stock traded up C$0.84 during trading on Thursday, hitting C$14.99. 83,655 shares of the company’s stock traded hands, compared to its average volume of 30,332. The business has a fifty day simple moving average of C$12.14 and a 200 day simple moving average of C$12.27. Source Energy Services has a 52 week low of C$5.43 and a 52 week high of C$18.45. The company has a debt-to-equity ratio of 123.18, a quick ratio of 0.22 and a current ratio of 0.59. The stock has a market capitalization of C$203.11 million, a price-to-earnings ratio of 1.29 and a beta of 2.82.

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.