Source Energy Services Ltd. (OTCMKTS:SCEYF – Get Free Report)’s stock price fell 2.1% during mid-day trading on Wednesday. The company traded as low as $6.66 and last traded at $6.66. Approximately 100 shares changed hands during trading, a decline of 93% from the average session volume of 1,392 shares. The stock had previously closed at $6.80.
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 Thursday, July 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on Source Energy Services
Source Energy Services Price Performance
About Source Energy Services
Source Energy Services Ltd. is a Canadian provider of frac sand and related services to the oil and natural gas industry. The company supplies proppant, a specialized sand used in hydraulic fracturing to keep fractures open and improve the recovery of hydrocarbons from wells.
Its business has included the sourcing, processing, storage and distribution of frac sand, along with logistics and last-mile delivery services. Source Energy has focused on serving exploration and production companies operating in the Western Canadian Sedimentary Basin, including oil and gas plays in Alberta and Saskatchewan.
The company has developed an integrated supply chain that connects sand production and processing facilities with transload terminals and well sites.
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