Source Energy Services (TSE:SHLE) Trading Up 1.6% - Here's What Happened

Key Points

• Stock action: Shares rose 1.6% to C$14.85 (intraday high C$15.04) on Monday, but trading was light with only 4,555 shares changing hands—about an 84% drop versus average volume.
• Balance-sheet and valuation snapshots: Market capitalization is about C$194.2M with a P/E of 5.99, but leverage is high (debt-to-equity 168.84) and liquidity is limited (quick ratio 0.22, current ratio 1.31).
• Recent results and business: In the latest quarter Source Energy reported C$0.17 EPS and C$164.53M revenue; the company is a Northern White frac sand producer and logistics provider supporting oil-and-gas well completion operations.

Source Energy Services Ltd. (TSE:SHLE - Get Free Report)'s stock price was up 1.6% on Monday . The stock traded as high as C$15.04 and last traded at C$14.85. Approximately 4,555 shares were traded during trading, a decline of 84% from the average daily volume of 28,477 shares. The stock had previously closed at C$14.62.

Source Energy Services Price Performance

The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 168.84. The firm has a fifty day moving average price of C$16.27 and a two-hundred day moving average price of C$14.65. The stock has a market capitalization of C$194.24 million, a P/E ratio of 5.99 and a beta of 1.04.

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

Source Energy Services Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.