Source Energy Services (TSE:SHLE) PT Lowered to C$1.00 at BMO Capital Markets

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Source Energy Services (TSE:SHLE) had its price target reduced by BMO Capital Markets from C$1.50 to C$1.00 in a research note released on Friday, BayStreet.CA reports.

SHLE has been the subject of a number of other research reports. Canaccord Genuity cut Source Energy Services from a speculative buy rating to a hold rating and lowered their price target for the stock from C$1.60 to C$1.00 in a research report on Tuesday, July 9th. TD Securities lifted their price target on Source Energy Services to C$0.60 and gave the stock a reduce rating in a research report on Friday. Cormark lowered their price target on Source Energy Services from C$8.00 to C$3.00 in a research report on Wednesday, May 8th. GMP Securities lowered their price target on Source Energy Services from C$1.50 to C$1.25 in a research report on Friday, May 3rd. Finally, Industrial Alliance Securities cut Source Energy Services from a speculative buy rating to a hold rating in a research report on Monday, May 6th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of Hold and an average target price of C$1.95.

Shares of SHLE opened at C$0.58 on Friday. The stock’s 50-day moving average price is C$0.69. Source Energy Services has a one year low of C$0.58 and a one year high of C$5.34. The company has a current ratio of 1.61, a quick ratio of 0.87 and a debt-to-equity ratio of 84.29. The firm has a market cap of $36.02 million and a PE ratio of -2.62.

Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system.

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Analyst Recommendations for Source Energy Services (TSE:SHLE)

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