Source Energy Services (TSE:SHLE) Releases Earnings Results

Source Energy Services (TSE:SHLE) announced its quarterly earnings results on Thursday. The company reported C($0.25) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$160.22 million during the quarter. Source Energy Services had a net margin of 4.72% and a return on equity of 15.59%.

Source Energy Services Trading Down 2.1%

TSE:SHLE traded down C$0.35 during trading hours on Thursday, hitting C$16.55. The stock had a trading volume of 10,132 shares, compared to its average volume of 27,409. The business’s 50 day moving average is C$15.98 and its 200-day moving average is C$14.99. The company has a debt-to-equity ratio of 168.84, a quick ratio of 0.22 and a current ratio of 1.31. The company has a market cap of C$216.47 million, a price-to-earnings ratio of 6.67 and a beta of 0.92. Source Energy Services has a one year low of C$10.15 and a one year high of C$18.74.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.