Source Energy Services (TSE:SHLE) Stock Price Down 2.5% – Here’s Why

Shares of Source Energy Services Ltd. (TSE:SHLE) fell 2.5% during mid-day trading on Wednesday . The stock traded as low as C$14.52 and last traded at C$14.93. 13,140 shares were traded during trading, a decline of 26% from the average session volume of 17,671 shares. The stock had previously closed at C$15.31.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lifted their target price on Source Energy Services from C$14.00 to C$16.00 in a research report on Thursday, November 7th.

Source Energy Services Trading Down 5.8 %

The company has a market cap of C$192.82 million, a PE ratio of 1.23 and a beta of 2.82. The company’s 50 day simple moving average is C$15.96 and its two-hundred day simple moving average is C$13.54. The company has a debt-to-equity ratio of 123.18, a current ratio of 0.59 and a quick ratio of 0.22.

Source Energy Services Company Profile

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.