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Source Energy Services Ltd ( (TSE:SHLE) ) just unveiled an announcement.
Source Energy Services Ltd. reported a challenging third quarter in 2025 due to lower activity levels and weak commodity prices, particularly affecting natural gas. This resulted in a significant decrease in sand sales volumes and total revenue, which fell by 32% compared to the same period last year. Despite these challenges, the company managed to secure sand processing assets for future expansion and reduced its term loan balance, indicating strategic moves to strengthen its market position.
The most recent analyst rating on (TSE:SHLE) stock is a Hold with a C$15.00 price target. To see the full list of analyst forecasts on Source Energy Services Ltd stock, see the TSE:SHLE Stock Forecast page.
Spark’s Take on TSE:SHLE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SHLE is a Outperform.
Source Energy Services Ltd shows strong financial performance and strategic expansions, indicating a positive outlook. However, bearish technical indicators and the need for profitability enhancement moderate the overall score. The valuation appears fair, supporting the stock’s medium-term potential.
To see Spark’s full report on TSE:SHLE stock, click here.
More about Source Energy Services Ltd
Source Energy Services Ltd. operates in the energy sector, focusing on providing sand solutions for the oil and gas industry. The company is primarily involved in the supply of high-quality sand used in hydraulic fracturing operations, with a market focus on the Western Canadian Sedimentary Basin.
Average Trading Volume: 25,602
Technical Sentiment Signal: Sell
Current Market Cap: C$162.7M
For a thorough assessment of SHLE stock, go to TipRanks’ Stock Analysis page.