Source Energy Services (OTCMKTS:SCEYF) Trading 1.2% Higher – Should You Buy?

Source Energy Services Ltd. (OTCMKTS:SCEYF) shares shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as $11.05 and last traded at $11.05. 1,651 shares changed hands during trading, an increase of 51% from the average session volume of 1,093 shares. The stock had previously closed at $10.9180.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated a “market perform” rating on shares of Source Energy Services in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Source Energy Services Stock Performance

The business’s 50-day moving average price is $11.25 and its 200 day moving average price is $11.30.

About Source Energy Services

Source Energy Services Ltd. is an oilfield services company headquartered in Calgary, Alberta, providing specialized technical solutions to upstream oil and gas operators. The company focuses on enhancing well productivity and optimizing production performance through a suite of completion, stimulation, and production services. Its operations are centered on delivering innovative and cost-efficient offerings designed to improve hydrocarbon recovery and reduce environmental impact.

In its completion and stimulation segment, Source Energy Services offers hydraulic fracturing, coiled tubing, acidizing and chemical stimulation treatments.