Source Energy Services (TSE:SHLE) Hits New 1-Year High – What’s Next?

Source Energy Services Ltd. (TSE:SHLE)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$18.65 and last traded at C$18.07, with a volume of 44775 shares trading hands. The stock had previously closed at C$16.62.

Source Energy Services Trading Up 8.9%

The business has a 50 day moving average of C$15.97 and a two-hundred day moving average of C$14.82. The company has a debt-to-equity ratio of 168.84, a quick ratio of 0.22 and a current ratio of 1.31. The firm has a market capitalization of C$236.75 million, a price-to-earnings ratio of 7.30 and a beta of 1.04.

Source Energy Services (TSE:SHLE) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.17 earnings per share for the quarter. Source Energy Services had a return on equity of 15.59% and a net margin of 4.72%.The business had revenue of C$164.53 million for the quarter. Equities analysts predict that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

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.