Source Energy Services (TSE:SHLE) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.75 and last traded at C$4.84, with a volume of 140231 shares. The stock had previously closed at C$5.19.

Several equities research analysts have issued reports on SHLE shares. BMO Capital Markets lowered their target price on shares of Source Energy Services from C$14.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Friday, March 16th. Morgan Stanley lowered their target price on shares of Source Energy Services from C$13.00 to C$12.00 in a research note on Wednesday, April 11th. CIBC lowered their target price on shares of Source Energy Services from C$11.00 to C$8.50 in a research note on Friday, March 16th. Cowen lowered their target price on shares of Source Energy Services from C$15.00 to C$11.00 in a research note on Friday, April 13th. Finally, Royal Bank of Canada lowered their price target on shares of Source Energy Services from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 17th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$10.29.

Source Energy Services Company Profile

Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand primarily to the Western Canadian Sedimentary Basin. The company was founded in 2017 and is headquartered in Calgary, Canada.

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