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

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

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

Source Energy Services Stock Performance

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

Insider Buying and Selling

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

About Source Energy Services

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.