Source Energy Services (TSE:SHLE) Price Target Raised to C$16.00 at BMO Capital Markets

Source Energy Services (TSE:SHLE) had its target price lifted by BMO Capital Markets from C$14.00 to C$16.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 6.74% from the stock’s previous close.

Source Energy Services Stock Up 5.9 %

TSE:SHLE traded up C$0.84 during mid-day trading on Thursday, reaching C$14.99. The company’s stock had a trading volume of 83,655 shares, compared to its average volume of 30,332. The company has a quick ratio of 0.22, a current ratio of 0.59 and a debt-to-equity ratio of 123.18. Source Energy Services has a 1 year low of C$5.43 and a 1 year high of C$18.45. The stock has a fifty day moving average of C$12.14 and a 200-day moving average of C$12.27. The firm has a market capitalization of C$203.11 million, a PE ratio of 1.29 and a beta of 2.82.

About Source Energy Services

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.