Source Energy Services (TSE:SHLE - Free Report) had its price objective raised by BMO Capital Markets from C$16.00 to C$18.00 in a research note published on Tuesday morning, BayStreet.CA reports.
Separately, Acumen Capital lifted their price target on Source Energy Services from C$15.00 to C$15.50 in a research report on Thursday, March 14th.
View Our Latest Analysis on SHLE
Source Energy Services Stock Performance
SHLE stock traded up C$1.07 on Tuesday, reaching C$15.52. The company's stock had a trading volume of 38,520 shares, compared to its average volume of 25,482. Source Energy Services has a 52 week low of C$3.78 and a 52 week high of C$15.79. The company has a market capitalization of C$210.30 million, a P/E ratio of 1.31 and a beta of 2.96. The firm has a fifty day moving average of C$11.14 and a two-hundred day moving average of C$8.35. 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 Transactions at Source Energy Services
In other news, Senior Officer Derren James Newell sold 11,500 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$9.96, for a total value of C$114,540.00. Corporate insiders own 11.09% of the company's stock.
About Source Energy Services
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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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