Source Energy Services (TSE:SHLE) Sets New 1-Year High at $14.15

Source Energy Services Ltd. (TSE:SHLE - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$14.15 and last traded at C$13.55, with a volume of 52692 shares changing hands. The stock had previously closed at C$12.24.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Source Energy Services from C$12.00 to C$14.00 in a research note on Thursday, March 7th. Acumen Capital boosted their price objective on Source Energy Services from C$15.00 to C$15.50 in a research report on Thursday, March 14th.

Source Energy Services Price Performance

The firm has a market cap of C$190.38 million, a P/E ratio of 1.19 and a beta of 2.82. The company has a current ratio of 1.26, a quick ratio of 0.22 and a debt-to-equity ratio of 131.13. The business has a 50-day moving average of C$9.71 and a two-hundred day moving average of C$7.61.

Insider Buying and Selling

In other Source Energy Services news, Senior Officer Derren James Newell sold 11,500 shares of Source Energy Services stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$9.96, for a total transaction of C$114,540.00. 11.09% of the stock is currently owned by corporate insiders.

About Source Energy Services

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.