Analyst RecommendationAnalyst is downgrading SHLE shares to Market Perform from Outperform in conjunction with the commodity price update.
Market OutlookExpectations for slowing WCSB proppant growth into 2025 suggest that better options may lie elsewhere in the smallcap OFS sector.
Target PriceTarget price for SHLE is lowered to $14 from $20, reflecting updated commodity price and EBITDA estimates.