Source Energy Services (TSE:SHLE) Reaches New 12-Month High – Still a Buy?

Source Energy Services Ltd. (TSE:SHLE)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$17.50 and last traded at C$17.30, with a volume of 17293 shares traded. The stock had previously closed at C$16.90.

Source Energy Services Stock Up 0.7%

The stock’s fifty day moving average is C$15.94 and its two-hundred day moving average is C$13.97. The company has a market capitalization of C$234.07 million, a PE ratio of 10.07 and a beta of 1.16. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 126.37.

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