Source Energy Services (TSE:SHLE) Stock Price Down 1.7% - What's Next?

Key Points

• Source Energy Services stock fell 1.7% to C$15.76 (intraday low C$15.33) on Monday, with volume up 85% to 52,099 shares versus its 28,232 average; the price is below its 50‑day SMA (C$16.80) but above the 200‑day SMA (C$14.57).
• The company has a market cap of C$207.01 million and a P/E of 6.35, but carries substantial leverage with a debt‑to‑equity of 168.84, suggesting elevated financial risk.
• Last quarter Source reported C$0.17 EPS on C$164.53 million revenue with a 4.72% net margin and 15.59% ROE, analysts forecast about 3.23 EPS for the year, and the firm supplies Northern White frac sand plus logistics and storage from its Wisconsin mines and Canadian terminal network.

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) traded down 1.7% during trading on Monday . The company traded as low as C$15.33 and last traded at C$15.76. 52,099 shares were traded during mid-day trading, an increase of 85% from the average session volume of 28,232 shares. The stock had previously closed at C$16.04.

Source Energy Services Trading Down 1.7%

The firm has a market capitalization of C$207.01 million, a price-to-earnings ratio of 6.35 and a beta of 0.83. The business's 50-day simple moving average is C$16.80 and its two-hundred day simple moving average is C$14.57. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 168.84.

Source Energy Services (TSE:SHLE - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$164.53 million for the quarter. Source Energy Services had a net margin of 4.72% and a return on equity of 15.59%. Equities analysts forecast that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current year.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.

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