BMO Capital Markets Issues Positive Forecast for Source Energy Services (TSE:SHLE) Stock Price

Source Energy Services (TSE:SHLE) had its target price upped by stock analysts at 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 suggests a potential upside of 8.99% from the stock’s current price.

Source Energy Services Stock Down 2.1 %

Shares of SHLE opened at C$14.68 on Thursday. Source Energy Services has a 12-month low of C$5.43 and a 12-month high of C$18.45. The company has a current ratio of 0.59, a quick ratio of 0.22 and a debt-to-equity ratio of 123.18. The company has a market capitalization of C$198.91 million, a PE ratio of 1.27 and a beta of 2.82. The business’s 50 day moving average is C$12.20 and its 200 day moving average is C$12.27.

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.