Source Energy Services Ltd. (TSE:SHLE - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$18.45 and last traded at C$17.43, with a volume of 56595 shares trading hands. The stock had previously closed at C$16.70.
Analyst Upgrades and Downgrades
Several analysts have issued reports on SHLE shares. Acumen Capital upped their price target on shares of Source Energy Services from C$15.00 to C$15.50 in a research report on Thursday, March 14th. BMO Capital Markets increased their target price on shares of Source Energy Services from C$16.00 to C$18.00 in a report on Tuesday, April 23rd.
Check Out Our Latest Stock Report on Source Energy Services
Source Energy Services Trading Up 2.5 %
The company has a market capitalization of C$231.98 million, a P/E ratio of 1.44 and a beta of 2.96. The stock's 50 day moving average is C$11.76 and its 200-day moving average is C$8.64. The company has a debt-to-equity ratio of 131.13, a current ratio of 1.26 and a quick ratio of 0.22.
Insider Buying and Selling at Source Energy Services
In other Source Energy Services news, Senior Officer Derren James Newell sold 11,500 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$9.96, for a total transaction of C$114,540.00. Insiders own 11.09% of the company's stock.
Source Energy Services Company Profile
(
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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.
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