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Source Energy Services Ltd (SHLE) is recognized as a top pick among analysts, demonstrating a strong business model as Canada's largest provider of frac sand. The company is experiencing increasing demand driven by LNG developments and has effectively managed its debt, refinancing at lower rates extending to 2029. Recent performance indicators, such as a significant rise in free cash flow and enhanced profit margins, underscore its potential for growth. Analysts express confidence that this stock could reach valuations between $15 and $20 over the next year, indicating a promising investment opportunity despite the absence of dividends. A series of strategic partnerships, particularly with Trican Well Service, further solidifies SHLE's position in the market.
Canada's largest provider of frac sand. Demand for frac sand is quite high, especially with LNG coming on. Executing very well. Refinanced debt at lower rate, pushing it out to 2029. Easily an $18-20 stock in the next year. US and potential Canadian governments are much more pro-energy. No dividend.
(Analysts’ price target is $18.00)
Dominant in frac sand supply/distribution with over 50% market share in Canada. Profits are spiking this year because they renewed contracts earlier this year at much higher prices. Also, they have a lot of cash flow so are paying off debt. Should $500 million revenue this year, $100 million EBITDA and $40-50 million of free cash. Trades at 2x earnings. At $8-10 by end of 2024 as long as oil stays above $70.
(Analysts’ price target is $8.25)
Source Energy Services Ltd is a Canadian stock, trading under the symbol SHLE-T on the Toronto Stock Exchange (SHLE-CT). It is usually referred to as TSX:SHLE or SHLE-T
In the last year, 7 stock analysts published opinions about SHLE-T. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Source Energy Services Ltd.
Source Energy Services Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Source Energy Services Ltd.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
7 stock analysts on Stockchase covered Source Energy Services Ltd In the last year. It is a trending stock that is worth watching.
On 2025-04-15, Source Energy Services Ltd (SHLE-T) stock closed at a price of $8.5.
Our PAST TOP PICK with SHLE has triggered its stop at $13. To remain disciplined, we recommend covering the position at this time. When combined with our previous guidance, this will result in a net investment gain of 14%.