Source Energy Services Ltd (SHLE) Director James Mcmahon Sells 16,264 Shares of Stock

Source Energy Services Ltd (TSE:SHLE) Director James Mcmahon sold 16,264 shares of Source Energy Services stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$9.55, for a total value of C$155,321.20.

Source Energy Services Ltd (TSE:SHLE) traded down C$0.15 during trading hours on Friday, hitting C$9.46. The stock had a trading volume of 36,300 shares, compared to its average volume of 58,320. Source Energy Services Ltd has a 1-year low of C$5.68 and a 1-year high of C$10.80.

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Several research analysts have commented on the company. CIBC reaffirmed an “outperform” rating and set a C$13.50 price target on shares of Source Energy Services in a research report on Wednesday, November 8th. Morgan Stanley lifted their price target on Source Energy Services from C$12.00 to C$13.00 in a research report on Wednesday. Scotiabank reissued an “outperform” rating and issued a C$17.50 target price on shares of Source Energy Services in a report on Tuesday. Finally, Canaccord Genuity reissued a “buy” rating and issued a C$9.00 target price on shares of Source Energy Services in a report on Wednesday, September 13th. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$13.33.

About Source Energy Services

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.

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