Source Energy Services (TSE:SHLE) Price Target Raised to C$18.00 at BMO Capital Markets

Source Energy Services (TSE:SHLE) had its price objective upped by BMO Capital Markets from C$16.00 to C$18.00 in a research note released on Tuesday morning, BayStreet.CA reports.

Separately, Acumen Capital increased their price objective on shares of Source Energy Services from C$15.00 to C$15.50 in a research report on Thursday, March 14th.

Source Energy Services Stock Performance

Source Energy Services stock opened at C$15.52 on Tuesday. The firm has a 50 day simple moving average of C$11.14 and a 200-day simple moving average of C$8.35. Source Energy Services has a 1-year low of C$3.78 and a 1-year high of C$15.79. The company has a debt-to-equity ratio of 131.13, a current ratio of 1.26 and a quick ratio of 0.22. The stock has a market cap of C$210.30 million, a price-to-earnings ratio of 1.31 and a beta of 2.96.

Insider Buying and Selling

In related news, Senior Officer Derren James Newell sold 11,500 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$9.96, for a total transaction of C$114,540.00. 11.09% of the stock is currently owned by corporate insiders.

Source Energy Services Company Profile

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.