Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Source Energy Services Ltd. is a major supplier of Northern White frac sand, a specialized material essential for hydraulic fracturing in the upstream oil and gas sector. The company's operations span Western Canada and the United States, where it manufactures, delivers, and distributes this crucial proppant. Beyond its core sand offerings, Source Energy Services also provides comprehensive warehousing and transportation solutions for various other bulk well completion products. Additionally, it develops innovative mobile systems designed for efficient on-site sand storage and handling at well locations. The company was established in 2017 and is based in Calgary, Canada.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is undervalued on EV/EBITDA.
Target Price
The average target price of SHLE.TO is 15.4 and suggests 31.8% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i