Source Energy Services’ (SHLE) “Outperform” Rating Reaffirmed at Scotiabank
Source Energy Services Ltd (TSE:SHLE)‘s stock had its “outperform” rating reaffirmed by equities researchers at Scotiabank in a research note issued to investors on Tuesday. They presently have a C$17.50 price target on the stock. Scotiabank’s price target would suggest a potential upside of 80.41% from the company’s current price.
Other research analysts also recently issued research reports about the stock. CIBC restated an “outperform” rating and set a C$13.50 price target on shares of Source Energy Services in a report on Wednesday, November 8th. Canaccord Genuity restated a “buy” rating and set a C$9.00 price target on shares of Source Energy Services in a report on Wednesday, September 13th. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$14.00.
Shares of Source Energy Services (TSE:SHLE) traded up C$0.10 during trading hours on Tuesday, hitting C$9.70. 42,498 shares of the company’s stock were exchanged, compared to its average volume of 56,758. Source Energy Services has a 52 week low of C$5.68 and a 52 week high of C$10.80.
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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.
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