BMO Capital Markets Trims Source Energy Services (SHLE) Target Price to C$9.00

Source Energy Services (TSE:SHLE) had its price target dropped by investment analysts at BMO Capital Markets from C$14.00 to C$9.00 in a report issued on Friday, March 16th. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 92.31% from the company’s current price.

Several other research firms have also weighed in on SHLE. CIBC reduced their target price on Source Energy Services from C$11.00 to C$8.50 in a report on Friday, March 16th. Royal Bank of Canada reduced their target price on Source Energy Services from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, Canaccord Genuity reduced their target price on Source Energy Services from C$11.50 to C$11.00 and set a “buy” rating on the stock in a report on Friday, March 16th. Six equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$10.75.

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SHLE stock traded down C$0.12 during midday trading on Friday, hitting C$4.68. 61,198 shares of the company’s stock were exchanged, compared to its average volume of 91,161. Source Energy Services has a one year low of C$4.51 and a one year high of C$10.80.

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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.

Analyst Recommendations for Source Energy Services (TSE:SHLE)

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