Shares of Source Energy Services Ltd. (TSE:SHLE) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.33.

A number of research firms recently commented on SHLE. Scotiabank reaffirmed an “outperform” rating and issued a C$17.50 price objective on shares of Source Energy Services in a research note on Tuesday, November 14th. Morgan Stanley increased their target price on shares of Source Energy Services from C$12.00 to C$13.00 in a research report on Wednesday, November 15th. CIBC reiterated an “outperform” rating and issued a C$13.50 target price on shares of Source Energy Services in a research report on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a C$9.00 target price on shares of Source Energy Services in a research report on Wednesday, September 13th.

Source Energy Services (TSE:SHLE) opened at C$9.25 on Friday. Source Energy Services has a 52 week low of C$5.68 and a 52 week high of C$10.80.

In other Source Energy Services news, Director James Mcmahon sold 200,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$9.15, for a total value of C$1,830,000.00. In the last quarter, insiders sold 219,464 shares of company stock valued at $2,015,241.

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Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The Northern White frac sand is a preferred proppant used to enhance hydrocarbon recovery in the hydraulic fracturing of oil and natural gas wells. Source Energy Services Ltd.

Analyst Recommendations for Source Energy Services (TSE:SHLE)

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