Source Energy Services Ltd. (TSE:SHLE) Director James Mcmahon sold 200,000 shares of Source Energy Services stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$9.15, for a total transaction of C$1,830,000.00.

James Mcmahon also recently made the following trade(s):

  • On Tuesday, November 21st, James Mcmahon sold 3,200 shares of Source Energy Services stock. The shares were sold at an average price of C$9.35, for a total transaction of C$29,920.00.
  • On Friday, November 17th, James Mcmahon sold 16,264 shares of Source Energy Services stock. The shares were sold at an average price of C$9.55, for a total transaction of C$155,321.20.

Shares of Source Energy Services Ltd. (TSE SHLE) traded up C$0.24 on Friday, reaching C$9.25. 223,914 shares of the company’s stock traded hands, compared to its average volume of 58,283. Source Energy Services Ltd. has a 1-year low of C$5.68 and a 1-year high of C$10.80.

A number of research firms have recently weighed in on SHLE. Canaccord Genuity reiterated a “buy” rating and issued a C$9.00 price target on shares of Source Energy Services in a research report on Wednesday, September 13th. Scotiabank restated an “outperform” rating and set a C$17.50 price objective on shares of Source Energy Services in a research report on Tuesday, November 14th. Morgan Stanley boosted their price objective on shares of Source Energy Services from C$12.00 to C$13.00 in a research report on Wednesday, November 15th. Finally, CIBC restated an “outperform” rating and set a C$13.50 price objective on shares of Source Energy Services in a research report on Wednesday, November 8th. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$13.33.

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About Source Energy Services

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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