Source Energy Services Ltd. (SHLE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Source Energy Services Ltd. (TSE:SHLE) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.33.

A number of research firms recently commented on SHLE. Scotiabank reaffirmed an “outperform” rating and issued a C$17.50 price objective on shares of Source Energy Services in a research note on Tuesday, November 14th. Morgan Stanley increased their target price on shares of Source Energy Services from C$12.00 to C$13.00 in a research report on Wednesday, November 15th. CIBC reiterated an “outperform” rating and issued a C$13.50 target price on shares of Source Energy Services in a research report on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a C$9.00 target price on shares of Source Energy Services in a research report on Wednesday, September 13th.

Source Energy Services (TSE:SHLE) opened at C$9.25 on Friday. Source Energy Services has a 52 week low of C$5.68 and a 52 week high of C$10.80.

In other Source Energy Services news, Director James Mcmahon sold 200,000 shares of the 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 value of C$1,830,000.00. In the last quarter, insiders sold 219,464 shares of company stock valued at $2,015,241.

WARNING: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at

Source Energy Services Company Profile

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.

Analyst Recommendations for Source Energy Services (TSE:SHLE)

What are top analysts saying about Source Energy Services Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Source Energy Services Ltd. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit