Source Energy Services (TSE:SHLE) Issues Earnings Results

Source Energy Services (TSE:SHLE) released its quarterly earnings results on Thursday. The company reported C($0.25) earnings per share for the quarter, FiscalAI reports. Source Energy Services had a net margin of 4.72% and a return on equity of 15.59%. The firm had revenue of C$160.22 million for the quarter.

Source Energy Services Stock Down 9.2%

Shares of TSE:SHLE opened at C$15.03 on Friday. The stock’s 50-day moving average price is C$15.97 and its 200-day moving average price is C$15.02. Source Energy Services has a 12-month low of C$10.34 and a 12-month high of C$18.74. The stock has a market capitalization of C$196.59 million, a P/E ratio of 6.06 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 168.84.

About Source Energy Services

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.