BMO Capital Markets Raises Source Energy Services (TSE:SHLE) Price Target to C$18.00

Source Energy Services (TSE:SHLE) had its price target lifted by BMO Capital Markets from C$16.00 to C$18.00 in a research report report published on Tuesday, BayStreet.CA reports.

Separately, Acumen Capital upped their target price on Source Energy Services from C$15.00 to C$15.50 in a research note on Thursday, March 14th.

Source Energy Services Trading Down 3.3 %

Shares of TSE:SHLE opened at C$15.59 on Tuesday. The business’s 50-day moving average is C$11.46 and its 200 day moving average is C$8.47. Source Energy Services has a 1 year low of C$3.78 and a 1 year high of C$16.25. The firm has a market capitalization of C$211.24 million, a P/E ratio of 1.31 and a beta of 2.96. 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

In other Source Energy Services news, Senior Officer Derren James Newell sold 11,500 shares of the stock in a transaction that occurred on 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 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.