Source Energy Services Ltd (TSE:SHLE) has earned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$12.83.
Several analysts recently commented on SHLE shares. Scotiabank reaffirmed an “outperform” rating and issued a C$17.50 price objective on shares of Source Energy Services in a report on Tuesday, November 14th. Morgan Stanley lifted their price objective on Source Energy Services from C$12.00 to C$13.00 in a report on Wednesday, November 15th. CIBC cut their price objective on Source Energy Services from C$13.50 to C$12.50 in a report on Tuesday, January 23rd. Canaccord Genuity cut their price target on Source Energy Services from C$12.50 to C$11.50 in a report on Tuesday, February 6th. Finally, Royal Bank of Canada cut their price target on Source Energy Services from C$12.00 to C$10.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st.
Shares of Source Energy Services (TSE:SHLE) opened at C$6.51 on Tuesday. Source Energy Services has a fifty-two week low of C$5.52 and a fifty-two week high of C$10.80. The company has a market capitalization of $400.70 and a price-to-earnings ratio of -18.60.
About Source Energy Services
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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