Source Energy Services (TSE:SHLE) Hits New 12-Month Low – Here’s Why

Source Energy Services Ltd. (TSE:SHLE)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$9.41 and last traded at C$10.19, with a volume of 5733 shares. The stock had previously closed at C$10.00.

Source Energy Services Trading Down 1.8%

The firm’s 50 day simple moving average is C$11.51 and its 200-day simple moving average is C$13.54. The company has a quick ratio of 0.22, a current ratio of 1.22 and a debt-to-equity ratio of 144.16. The company has a market capitalization of C$129.16 million, a PE ratio of -10.45 and a beta of 1.09.

Source Energy Services (TSE:SHLE) last issued its earnings results on Wednesday, July 29th. The company reported C($0.43) earnings per share for the quarter. Source Energy Services had a negative return on equity of 6.25% and a negative net margin of 2.21%.The company had revenue of C$137.12 million during the quarter. As a group, equities research analysts anticipate that Source Energy Services Ltd. will post 3.2287234 EPS for the current year.

Insider Buying and Selling

In related news, insider Catherine Victoria Reynolds sold 5,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total value of C$55,100.00. Following the completion of the transaction, the insider owned 23,785 shares of the company’s stock, valued at approximately C$262,110.70. This represents a 17.37% decrease in their ownership of the stock. Corporate insiders own 11.09% of the company’s stock.

Source Energy Services Company Profile

Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its ‘last mile’ logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system.