Source Energy Services (TSE:SHLE) had its price target upped by analysts at TD Securities to C$0.60 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “reduce” rating on the stock. TD Securities’ price target would suggest a potential upside of 3.45% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. GMP Securities cut their price target on Source Energy Services from C$1.50 to C$1.25 in a report on Friday, May 3rd. Industrial Alliance Securities lowered shares of Source Energy Services from a “speculative buy” rating to a “hold” rating in a research note on Monday, May 6th. Cormark decreased their target price on shares of Source Energy Services from C$8.00 to C$3.00 in a research note on Wednesday, May 8th. Finally, Canaccord Genuity lowered shares of Source Energy Services from a “speculative buy” rating to a “hold” rating and reduced their price objective for the company from C$1.60 to C$1.00 in a research note on Tuesday, July 9th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$1.95.
Shares of SHLE traded down C$0.04 during mid-day trading on Friday, reaching C$0.58. 1,001 shares of the company’s stock traded hands, compared to its average volume of 65,462. The firm’s 50-day simple moving average is C$0.69. The company has a market cap of $36.02 million and a PE ratio of -2.62. The company has a quick ratio of 0.87, a current ratio of 1.61 and a debt-to-equity ratio of 84.29. Source Energy Services has a 12 month low of C$0.58 and a 12 month high of C$5.34.
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system.
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