Source Energy Services Ltd (SHLE) Given Average Recommendation of “Buy” by Analysts
Source Energy Services Ltd (TSE:SHLE) has been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$13.17.
SHLE has been the subject of several analyst reports. CIBC decreased their price target on shares of Source Energy Services from C$13.50 to C$12.50 in a research report on Tuesday, January 23rd. Morgan Stanley increased their price target on shares of Source Energy Services from C$12.00 to C$13.00 in a research report on Wednesday, November 15th. Finally, Scotiabank reissued an “outperform” rating and set a C$17.50 price target on shares of Source Energy Services in a research report on Tuesday, November 14th.
In other Source Energy Services news, Director James Mcmahon sold 3,200 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of C$9.35, for a total transaction of C$29,920.00. Over the last three months, insiders have sold 219,464 shares of company stock valued at $2,015,241.
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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 company was founded in 2017 and is headquartered in Calgary, Canada.
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