Source Energy Services (TSE:SHLE) Announces Quarterly Earnings Results

Source Energy Services (TSE:SHLE) announced its quarterly earnings results on Thursday. The company reported C$0.17 earnings per share (EPS) for the quarter, reports. The business had revenue of C$164.53 million for the quarter. Source Energy Services had a return on equity of 95.63% and a net margin of 24.84%.

Source Energy Services Stock Performance

SHLE stock opened at C$16.65 on Friday. Source Energy Services has a one year low of C$6.79 and a one year high of C$18.40. The firm has a market cap of C$218.70 million, a price-to-earnings ratio of 9.41 and a beta of 1.16. The company has a debt-to-equity ratio of 126.37, a quick ratio of 0.22 and a current ratio of 0.61. The firm has a 50-day simple moving average of C$16.46 and a two-hundred day simple moving average of C$14.24.

Source Energy Services Company Profile

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.