Source Energy Services (TSE:SHLE) Reaches New 52-Week Low – Should You Sell?

Source Energy Services Ltd. (TSE:SHLE)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as C$9.05 and last traded at C$9.19, with a volume of 6,646 shares traded. The stock had previously closed at C$9.60.

Source Energy Services Stock Performance

The company has a current ratio of 1.22, a quick ratio of 0.22 and a debt-to-equity ratio of 144.16. The stock has a fifty day moving average price of C$11.05 and a 200-day moving average price of C$13.11. The firm has a market capitalization of C$118.10 million, a price-to-earnings ratio of -9.56 and a beta of 1.80.

Source Energy Services (TSE:SHLE) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($0.43) EPS for the quarter. The firm had revenue of C$137.12 million during the quarter. Source Energy Services had a negative net margin of 2.21% and a negative return on equity of 6.25%. As a group, analysts anticipate that Source Energy Services Ltd. will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Catherine Victoria Reynolds sold 5,000 shares of Source Energy Services stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total value of C$55,100.00. Following the completion of the sale, the insider directly owned 23,785 shares of the company’s stock, valued at approximately C$262,110.70. This trade represents a 17.37% decrease in their position. Insiders own 11.09% of the company’s stock.

About Source Energy Services

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.