Source Energy Services (TSE:SHLE) Shares Down 2.9% – What’s Next?

Source Energy Services Ltd. (TSE:SHLE)’s share price fell 2.9% on Thursday . The stock traded as low as C$16.08 and last traded at C$16.50. 10,309 shares were traded during mid-day trading, a decline of 67% from the average session volume of 31,610 shares. The stock had previously closed at C$17.00.

Wall Street Analysts Forecast Growth

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

Source Energy Services Price Performance

The firm’s 50-day moving average is C$13.43 and its 200-day moving average is C$12.36. The company has a market capitalization of C$224.25 million, a PE ratio of 1.43 and a beta of 2.82. The company has a quick ratio of 0.22, a current ratio of 0.59 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.