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

Source Energy Services Ltd. (TSE:SHLE) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$17.04 and last traded at C$16.90, with a volume of 31212 shares. The stock had previously closed at C$16.66.

Source Energy Services Stock Performance

The company has a market cap of C$220.93 million, a P/E ratio of 9.50 and a beta of 1.85. 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 business has a fifty day simple moving average of C$14.24 and a two-hundred day simple moving average of C$13.63.

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