Source Energy Services (SHLE) Lowered to “Market Perform” at BMO Capital Markets
BMO Capital Markets lowered shares of Source Energy Services (TSE:SHLE) from an outperform rating to a market perform rating in a research note published on Monday. They currently have C$1.50 price target on the stock, down from their prior price target of C$3.00.
SHLE has been the subject of several other reports. TD Securities reduced their target price on Source Energy Services from C$1.60 to C$1.20 and set a hold rating for the company in a research report on Wednesday, March 6th. Canaccord Genuity reduced their target price on Source Energy Services from C$3.00 to C$2.75 in a research report on Thursday, January 10th. Morgan Stanley reduced their target price on Source Energy Services from C$4.50 to C$2.00 in a research report on Thursday, December 13th. Finally, CIBC reduced their target price on Source Energy Services from C$1.25 to C$1.00 in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of C$4.19.
Source Energy Services stock opened at C$1.24 on Monday. Source Energy Services has a 52 week low of C$1.00 and a 52 week high of C$5.98. The company has a debt-to-equity ratio of 48.68, a current ratio of 2.46 and a quick ratio of 1.34. The stock has a market cap of $72.28 million and a P/E ratio of 7.47.
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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