Source Energy Services (TSE:SHLE) Stock Price Down 1.7% – Should You Sell?

Source Energy Services Ltd. (TSE:SHLE) fell 1.7% on Monday . The stock traded as low as C$15.33 and last traded at C$15.76. 52,099 shares were traded during trading, an increase of 85% from the average session volume of 28,232 shares. The stock had previously closed at C$16.04.

Source Energy Services Stock Down 1.7%

The firm’s fifty day simple moving average is C$16.80 and its 200 day simple moving average is C$14.57. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 168.84. The company has a market cap of C$207.01 million, a price-to-earnings ratio of 6.35 and a beta of 0.83.

Source Energy Services (TSE:SHLE) last issued its earnings results on Thursday, February 26th. The company reported C$0.17 EPS for the quarter. Source Energy Services had a net margin of 4.72% and a return on equity of 15.59%. The firm had revenue of C$164.53 million during the quarter. Sell-side analysts predict that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current year.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.