Source Energy Services (TSE:SHLE) Price Target Raised to C$16.00 at BMO Capital Markets

Source Energy Services (TSE:SHLE) had its price target increased by BMO Capital Markets from C$14.00 to C$16.00 in a research report released on Thursday,BayStreet.CA reports.

Source Energy Services Trading Down 2.1 %

Shares of TSE:SHLE opened at C$14.68 on Thursday. The company has a market capitalization of C$198.91 million, a PE ratio of 1.27 and a beta of 2.82. The company has a current ratio of 0.59, a quick ratio of 0.22 and a debt-to-equity ratio of 123.18. Source Energy Services has a 12-month low of C$5.43 and a 12-month high of C$18.45. The business’s fifty day simple moving average is C$12.20 and its 200-day simple moving average is C$12.27.

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.