Source Energy Services (OTCMKTS:SCEYF) Shares Up 2.5% – Still a Buy?

Source Energy Services Ltd. (OTCMKTS:SCEYFGet Free Report) was up 2.5% during mid-day trading on Thursday . The company traded as high as $10.00 and last traded at $9.88. 320 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,013 shares. The stock had previously closed at $9.6415.

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 data from MarketBeat.com, Source Energy Services currently has a consensus rating of “Hold”.

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Source Energy Services Trading Up 0.2%

The firm’s fifty day moving average price is $10.57 and its 200-day moving average price is $11.46.

Source Energy Services Company Profile

(Get Free Report)

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.

Further Reading

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