Source Energy Services (TSE:SHLE) Sets New 1-Year High – Time to Buy?

Shares of Source Energy Services Ltd. (TSE:SHLE) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$16.32 and last traded at C$16.16, with a volume of 59173 shares changing hands. The stock had previously closed at C$15.58.

Source Energy Services Stock Performance

The stock has a 50-day moving average price of C$13.47 and a 200 day moving average price of C$13.44. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 126.37. The firm has a market capitalization of C$207.66 million, a price-to-earnings ratio of 8.93 and a beta of 1.85.

Source Energy Services (TSE:SHLE) last issued its earnings results on Thursday, November 6th. The company reported C($0.46) earnings per share for the quarter. Source Energy Services had a net margin of 24.84% and a return on equity of 95.63%. The firm had revenue of C$125.32 million during the quarter. On average, analysts forecast 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.