Source Energy Services (TSE:SHLE) Sets New 52-Week High – Time to Buy?

Source Energy Services Ltd. (TSE:SHLE)’s stock price hit a new 52-week high on Thursday . The stock traded as high as C$17.00 and last traded at C$17.00, with a volume of 55832 shares changing hands. The stock had previously closed at C$16.90.

Source Energy Services Trading Up 0.6%

The stock has a market cap of C$223.30 million, a P/E ratio of 9.60 and a beta of 1.85. The firm’s 50-day simple moving average is C$13.81 and its 200 day simple moving average is C$13.55. 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 announced its earnings results on Thursday, November 6th. The company reported C($0.46) EPS for the quarter. The firm had revenue of C$125.32 million for the quarter. Source Energy Services had a return on equity of 95.63% and a net margin of 24.84%. As a group, equities research analysts anticipate that Source Energy Services Ltd. will post 3.2287234 earnings per share 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.