Source Energy Services (OTCMKTS:SCEYF) Shares Up 2.7% – Time to Buy?

Source Energy Services Ltd. (OTCMKTS:SCEYF)’s share price shot up 2.7% on Wednesday . The company traded as high as $9.77 and last traded at $9.77. 800 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 1,043 shares. The stock had previously closed at $9.5125.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets restated a “market perform” rating on shares of Source Energy Services in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Source Energy Services currently has a consensus rating of “Hold”.

Source Energy Services Stock Up 2.7%

The business’s fifty day moving average price is $10.93 and its 200 day moving average price is $11.57.

About Source Energy Services

Source Energy Services Ltd. is an oilfield services company headquartered in Calgary, Alberta, providing specialized technical solutions to upstream oil and gas operators. The company focuses on enhancing well productivity and optimizing production performance through a suite of completion, stimulation, and production services. Its operations are centered on delivering innovative and cost-efficient offerings designed to improve hydrocarbon recovery and reduce environmental impact.

In its completion and stimulation segment, Source Energy Services offers hydraulic fracturing, coiled tubing, acidizing and chemical stimulation treatments.