Source Energy Services (TSE:SHLE) Hits New 1-Year Low – Should You Sell?

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 traded. The stock had previously closed at C$10.00.

Source Energy Services Stock Up 1.9%

The stock has a market capitalization of C$132.54 million, a P/E ratio of -10.73 and a beta of 1.09. The company has a current ratio of 1.22, a quick ratio of 0.22 and a debt-to-equity ratio of 144.16. The stock’s 50 day simple moving average is C$11.59 and its 200 day simple moving average is C$13.63.

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

Insider Transactions at Source Energy Services

In other Source Energy Services news, insider Catherine Victoria Reynolds sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of C$11.02, for a total transaction of C$55,100.00. Following the transaction, the insider owned 23,785 shares of the company’s stock, valued at C$262,110.70. This trade represents a 17.37% decrease in their position. 11.09% of the stock is owned by insiders.

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.