Source Energy Services (TSE:SHLE) Stock Falls 5% - What's Next?

Key Points

• Source Energy Services shares fell 5% to C$10.53 in Tuesday mid-day trading, with 1,601 shares traded—93% below the average daily volume.
• The company reported quarterly revenue of C$137.12 million and a loss of C$0.43 per share; its net margin and return on equity were also negative.
• Insider Catherine Victoria Reynolds sold 5,000 shares for C$55,100, reducing her stake by 17.37%; insiders collectively own 11.09% of the company.

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) was down 5% during mid-day trading on Tuesday. The stock traded as low as C$10.53 and last traded at C$10.53. 1,601 shares were traded during trading, a decline of 93% from the average daily volume of 21,432 shares. The stock had previously closed at C$11.08.

Source Energy Services Stock Performance

The stock has a market cap of C$136.96 million, a PE ratio of -11.08 and a beta of 2.08. The company has a fifty day moving average price of C$10.41 and a 200 day moving average price of C$13.74. The company has a quick ratio of 0.22, a current ratio of 1.22 and a debt-to-equity ratio of 144.16.

Source Energy Services (TSE:SHLE - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share for the quarter. Source Energy Services had a negative net margin of 2.21% and a negative return on equity of 6.25%. The company had revenue of C$137.12 million for the quarter. Analysts expect that Source Energy Services Ltd. will post 3.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Catherine Victoria Reynolds sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total transaction of C$55,100.00. Following the completion of the sale, the insider owned 23,785 shares of the company's stock, valued at approximately C$262,110.70. This represents a 17.37% decrease in their ownership of the stock. Insiders own 11.09% of the company's stock.

About Source Energy Services

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its 'last mile' logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.

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