Source Energy Services (OTCMKTS:SCEYF) Stock Price Up 2.5% – What’s Next?

Source Energy Services Ltd. (OTCMKTS:SCEYF) shares rose 2.5% during mid-day trading on Thursday . The company traded as high as $10.00 and last traded at $9.88. Approximately 320 shares traded hands during trading, a decline of 68% from the average daily volume of 1,013 shares. The stock had previously closed at $9.6415.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated a “market perform” rating on shares of Source Energy Services in a research report on Friday, May 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Source Energy Services Stock Up 2.5%

The company’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $11.47.

Source Energy Services Company Profile

Source Energy Services Ltd. is an oilfield services company headquartered in Calgary, Alberta, providing specialized technical solutions to upstream oil and gas operators. The company focuses on enhancing well productivity and optimizing production performance through a suite of completion, stimulation, and production services. Its operations are centered on delivering innovative and cost-efficient offerings designed to improve hydrocarbon recovery and reduce environmental impact.

In its completion and stimulation segment, Source Energy Services offers hydraulic fracturing, coiled tubing, acidizing and chemical stimulation treatments.