Source Energy Services Ltd (SHLE-T)
TSE:SHLE
10.21
0.08
(0.79%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Source Energy Services Ltd (SHLE) is a prominent player in the frac sand market, benefiting from increased demand in the energy sector, particularly with anticipated growth from LNG projects. Analysts are optimistic about its performance, with multiple reviews highlighting a significant rise in share value over recent months. The company has effectively managed its debt by refinancing at lower rates, extending its maturity to 2029. Recent partnerships, particularly with Trican Well Service, are also encouraging, as they contribute to enhancing operational capacities. The general sentiment among experts is bullish, suggesting a promising upside potential for the stock, with price targets ranging up to $20 within the next year. Additionally, its financial metrics, like low trading multiples, support the notion that it's undervalued in the current 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)
Excellent prospects - energy service company with recurring revenues. Able to reduce debt. Recent M&A very strong - Trican partnership very good. Trading at 4x earnings - still cheap. Will continue to own. Expecting further share price appreciation.
We reiterate SHLE, provider of frac sands as a TOP PICK. Last reported earnings confirmed a 136% increase in free cash flow and 31% expansion in margins, which was allowing for continued retirement of debt. It trades at 4x earnings, under book value, and a robust ROE of 168%. We continue to recommend a stop at $10.50, looking to achieve $15.50 -- upside potential of 19%. Yield 0%
(Analysts’ price target is $15.50)We reiterate SHLE, a frac sand distributor as a TOP PICK. The company recently announced a partnership with Trican Well Service to develop a world-class storage facility in NE BC, capable of receiving unit trains -- this should make it a key player in the development of this region. It trades at 4x earnings and under book value. We recommend trailing up the stop (from $9.50) to $10.50, looking to achieve $15.00 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $18.50)Oilfield services company that continues to own. Has been able to consistently generate revenues and profits. Recently announced joint venture with Trican Well Services. Expecting ~$20/share price going forward. LNG will also boost demand for services as well.
The Calgary based frac sand supplier recently reported 98% utilization in its trucking fleet -- an increase from 89% from a year ago. Its rail facility in NE BC has achieved unit train size capacity, which will add further revenues. We like that it trades at 4x earnings and under book value. We recommend setting a stop-loss at $8.50, looking to achieve $14.00 -- upside potential of 27%. Yield 0%
(Analysts’ price target is $17.00)It is one of the largest providers of frack sand in Western Canada and the prices of the contracts have increased. Its priority is to pay down debt. There are lots of catalysts and at expected $4 per share earnings next year, it is still trading at a good valuation.
He got his double and is still looking for a triple. It is buying back debt. Not well known with an 80 million market cap. It continues to operate very well and is the largest frac service in Western Canada. With LNG coming on this year, it should help.
Highly volatile stock.
Good to buy when out of favor.
Service style business is the first to be cut when energy prices fall.
Good if bullish on energy(risky).
Better names for investors (Trican/Precision).
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)
Small oilfield services company.
Large supplier of frac sand to energy business.
Long term contracts that have recently rolled over at higher price.
High debt levels are coming down.
Cash flow being used to increase balance sheet strength.
Source Energy Services Ltd(SHLE-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 7
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 7
Source Energy Services Ltd(SHLE-T) Frequently Asked Questions
What is Source Energy Services Ltd stock symbol?
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
Is Source Energy Services Ltd a buy or a sell?
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.
Is Source Energy Services Ltd a good investment or a top pick?
Source Energy Services Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Source Energy Services Ltd.
Why is Source Energy Services Ltd stock dropping?
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.
Is Source Energy Services Ltd worth watching?
7 stock analysts on Stockchase covered Source Energy Services Ltd In the last year. It is a trending stock that is worth watching.
What is Source Energy Services Ltd stock price?
On 2025-03-21, Source Energy Services Ltd (SHLE-T) stock closed at a price of $10.21.
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%.