Source Energy Services (TSE:SHLE) Stock Rating Upgraded by TD Securities

Source Energy Services (TSE:SHLE) was upgraded by equities researchers at TD Securities from a “reduce” rating to a “hold” rating in a report released on Tuesday, BayStreet.CA reports.

SHLE has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Source Energy Services from C$1.00 to C$0.50 in a research report on Tuesday, September 10th. Canaccord Genuity decreased their target price on Source Energy Services from C$1.00 to C$0.75 in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating, Source Energy Services presently has an average rating of “Hold” and an average price target of C$1.30.

Shares of SHLE traded up C$0.01 on Tuesday, reaching C$0.19. 5,500 shares of the company’s stock traded hands, compared to its average volume of 59,707. The company has a current ratio of 1.55, a quick ratio of 0.55 and a debt-to-equity ratio of 114.81. The stock’s 50 day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.72. Source Energy Services has a 52-week low of C$0.18 and a 52-week high of C$1.76. The stock has a market cap of $20.11 million and a PE ratio of -0.12.

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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