Source Energy Services Ltd (SHLE) Receives Average Recommendation of “Hold” from Analysts

Shares of Source Energy Services Ltd (TSE:SHLE) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$6.20.

A number of research firms have weighed in on SHLE. Canaccord Genuity reduced their price target on Source Energy Services from C$4.50 to C$4.00 in a research report on Thursday, November 1st. Industrial Alliance Securities reduced their price target on Source Energy Services from C$8.50 to C$5.75 in a research report on Tuesday, October 9th. TD Securities upped their price target on Source Energy Services from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. CIBC downgraded Source Energy Services from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from C$4.50 to C$2.25 in a research report on Friday. Finally, Morgan Stanley reduced their price target on Source Energy Services from C$7.50 to C$6.50 in a research report on Wednesday, September 19th.

TSE SHLE traded down C$0.02 during trading hours on Thursday, reaching C$1.89. 139,913 shares of the company’s stock were exchanged, compared to its average volume of 81,319. 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.

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Analyst Recommendations for Source Energy Services (TSE:SHLE)

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