Source Energy Services (OTCMKTS:SCEYF) Trading Down 3.5% – Should You Sell?

Source Energy Services Ltd. (OTCMKTS:SCEYF)’s share price dropped 3.5% on Tuesday . The stock traded as low as $7.68 and last traded at $7.8266. 500 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 950 shares. The stock had previously closed at $8.11.

Analysts Set New Price Targets

Separately, BMO Capital Markets restated a “market perform” rating on shares of Source Energy Services in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Source Energy Services Trading Down 3.5%

The firm has a 50-day moving average of $8.54 and a two-hundred day moving average of $10.18.

About Source Energy Services

Source Energy Services Ltd. is an oilfield services company headquartered in Calgary, Alberta, providing specialized technical solutions to upstream oil and gas operators. The company focuses on enhancing well productivity and optimizing production performance through a suite of completion, stimulation, and production services. Its operations are centered on delivering innovative and cost-efficient offerings designed to improve hydrocarbon recovery and reduce environmental impact.

In its completion and stimulation segment, Source Energy Services offers hydraulic fracturing, coiled tubing, acidizing and chemical stimulation treatments.