Source Energy Services (SCEYF) Expected to Post Earnings on Thursday

Source Energy Services (OTCMKTS:SCEYF) is expected to be posting its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.0246 per share and revenue of $119.18 million for the quarter.

Source Energy Services Price Performance

OTCMKTS:SCEYF opened at $6.59 on Thursday. Source Energy Services has a twelve month low of $6.37 and a twelve month high of $13.16. The business has a 50 day moving average price of $7.47 and a two-hundred day moving average price of $10.07.

Wall Street Analysts Forecast Growth

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

Source Energy Services Company Profile

Source Energy Services Ltd. is a Canadian energy-services company focused on the supply and delivery of proppant used in hydraulic fracturing operations. Its principal business is providing frac sand, a specialized granular material injected into oil and natural gas wells to help keep fractures open and improve hydrocarbon recovery.

The company’s operations have included sourcing, processing, storing and transporting frac sand, along with related logistics and site-management services.