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

Source Energy Services (TSE:SHLE) had its price target boosted by equities research analysts at BMO Capital Markets from C$16.00 to C$18.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 16.43% from the stock’s previous close.

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

Source Energy Services Price Performance

Shares of TSE SHLE traded up C$1.01 during midday trading on Tuesday, reaching C$15.46. The stock had a trading volume of 8,155 shares, compared to its average volume of 25,098. The company has a market capitalization of C$209.48 million, a price-to-earnings ratio of 1.30 and a beta of 2.96. Source Energy Services has a 12-month low of C$3.78 and a 12-month high of C$15.77. The stock has a 50-day moving average of C$11.14 and a 200-day moving average of C$8.35. The company has a debt-to-equity ratio of 131.13, a quick ratio of 0.22 and a current ratio of 1.26.

Insider Transactions at Source Energy Services

In other Source Energy Services news, Senior Officer Derren James Newell sold 11,500 shares of Source Energy Services 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 value of C$114,540.00. Insiders own 11.09% of the company’s stock.

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.