Source Energy Services (TSE:SHLE) Sets New 52-Week High – What’s Next?

Source Energy Services Ltd. (TSE:SHLE) reached a new 52-week high on Wednesday . The stock traded as high as C$17.50 and last traded at C$17.30, with a volume of 17293 shares. The stock had previously closed at C$16.90.

Source Energy Services Stock Up 5.7%

The company has a market cap of C$234.59 million, a P/E ratio of 10.09 and a beta of 1.16. The company has a debt-to-equity ratio of 126.37, a current ratio of 0.61 and a quick ratio of 0.22. The business’s 50 day moving average price is C$15.75 and its 200-day moving average price is C$13.90.

Source Energy Services (TSE:SHLE) last released its quarterly earnings results on Thursday, November 6th. The company reported C($0.46) earnings per share for the quarter. The business had revenue of C$125.32 million for the quarter. Source Energy Services had a net margin of 24.84% and a return on equity of 95.63%. On average, analysts anticipate that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current fiscal year.

About Source Energy Services

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.