Canaccord Genuity Reaffirms “Buy” Rating for Source Energy Services Ltd (SHLE)
Canaccord Genuity reiterated their buy rating on shares of Source Energy Services Ltd (TSE:SHLE) in a research note published on Wednesday morning. Canaccord Genuity currently has a C$9.00 target price on the stock.
Separately, Royal Bank Of Canada reiterated an outperform rating and issued a C$13.00 price objective on shares of Source Energy Services in a research report on Tuesday, May 23rd. Five investment analysts have rated the stock with a buy rating, Source Energy Services currently has an average rating of Buy and a consensus target price of C$14.60.
Source Energy Services (TSE SHLE) opened at 8.05 on Wednesday. The company’s 50-day moving average is $7.70 and its 200 day moving average is $8.36. Source Energy Services has a 12 month low of $5.68 and a 12 month high of $10.80. The company’s market cap is $415.51 million.
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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