Source Energy Services (SHLE) PT Lowered to C$3.00

Source Energy Services (TSE:SHLE) had its price target reduced by analysts at BMO Capital Markets from C$9.00 to C$3.00 in a note issued to investors on Friday. BMO Capital Markets’ target price would indicate a potential upside of 55.44% from the company’s current price.

A number of other research analysts have also recently commented on the stock. CIBC cut shares of Source Energy Services from a “neutral” rating to an “underperform” rating and cut their price target for the stock from C$4.50 to C$2.25 in a research note on Friday. Canaccord Genuity cut their price target on shares of Source Energy Services from C$4.50 to C$4.00 in a research note on Thursday. GMP Securities cut shares of Source Energy Services from a “buy” rating to a “hold” rating and cut their price target for the stock from C$7.00 to C$5.00 in a research note on Tuesday, October 9th. Industrial Alliance Securities cut their price target on shares of Source Energy Services from C$8.50 to C$5.75 in a research note on Tuesday, October 9th. Finally, TD Securities cut shares of Source Energy Services from a “buy” rating to a “hold” rating and cut their price target for the stock from C$7.00 to C$5.00 in a research note on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Source Energy Services currently has a consensus rating of “Hold” and an average price target of C$6.20.

SHLE traded down C$0.11 during midday trading on Friday, reaching C$1.93. 128,526 shares of the company’s stock were exchanged, compared to its average volume of 80,348. Source Energy Services has a one year low of C$1.85 and a one year high of C$9.88.

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 company was founded in 2017 and is headquartered in Calgary, Canada.

Featured Story: What is a bull market?

Analyst Recommendations for Source Energy Services (TSE:SHLE)

Receive News & Ratings for Source Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Source Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply