BMO Capital Markets cut shares of Source Energy Services (TSE:SHLE) from an outperform rating to a market perform rating in a research report report published on Monday. They currently have C$1.50 price target on the stock, down from their previous price target of C$3.00.
Several other equities analysts have also issued reports on SHLE. TD Securities cut their target price on Source Energy Services from C$1.60 to C$1.20 and set a hold rating on the stock in a research note on Wednesday, March 6th. Canaccord Genuity cut their target price on Source Energy Services from C$3.00 to C$2.75 in a research note on Thursday, January 10th. CIBC cut their target price on Source Energy Services from C$1.25 to C$1.00 in a research note on Thursday, February 21st. Finally, Morgan Stanley cut their target price on Source Energy Services from C$4.50 to C$2.00 in a research note on Thursday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$4.19.
SHLE opened at C$1.22 on Monday. Source Energy Services has a 1 year low of C$1.00 and a 1 year high of C$6.08. The company has a debt-to-equity ratio of 48.68, a quick ratio of 1.34 and a current ratio of 2.46. The stock has a market capitalization of $72.28 million and a price-to-earnings ratio of 7.35.
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The company was founded in 2017 and is headquartered in Calgary, Canada.
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