Source Energy Services (SHLE.TO) Stock Price

Source Energy Services Price

TSX·CLOSED
9.08
​
Market closed

Over the last 11 years Source Energy Services grew revenue by 15.3% annually, reaching 700.31 M CAD. Earnings per share have declined at 4.0% per year over the last 11 years. For Source Energy Services, the net margin of 4.7% is up versus -17.5% a few years ago. The consensus 12-month price target for Source Energy Services is 18.11 CAD, about 99.4% above where the stock trades today. Of 8 analysts, 6 rate the stock a buy — an overall Buy consensus.

Source Energy Services stock price

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Source Energy Services business model & stock analysis

Source Energy Services Ltd, founded in 2017, is a Canadian company specializing in the extraction, processing, and sale of proppants, also known as frac sand. The company is headquartered in Calgary, Alberta, and operates multiple branches in Canada and the USA. The frac sand industry is an important component of shale gas and shale oil production, as frac sand is a key component in fracturing technology. Shale gas and shale oil producers use a fluid consisting primarily of water and sand to hydraulically create cracks in underground rock formations. Fracturing creates pathways for oil and gas to flow to the surface through the cracks. The use of frac sand, specially treated and cleaned sand, enhances the effectiveness of the fluid and maximizes the permeability of the cracks. Source Energy Services offers a wide range of proppants tailored to the needs of its customers. The company produces and sells raw and processed sand, including Northern White Sand and Brown Sand, and also provides coatings that reduce the surface tension of the sand to ensure better flow of the fracturing fluid. Additionally, the company also offers transportation services to deliver the sand to its customers' production sites. Source Energy Services has a state-of-the-art processing facility in Wisconsin, USA, capable of producing and delivering large quantities of frac sand in a short period of time. The facility is equipped with advanced technologies and automated systems that improve the quality and efficiency of production while minimizing downtime. This ensures that the company can provide its customers with reliable and high-quality delivery of frac sand. Source Energy Services also offers a wide range of fracking services, including equipment rental, logistics, and operation of fracking equipment. The company provides comprehensive solutions tailored to its customers' needs. With an experienced team of engineers, technicians, and employees, the company can assist its customers in the planning, implementation, and optimization of fracturing projects. In summary, Source Energy Services Ltd offers its customers a wide range of frac sand products and services tailored to their needs. With its modern production facility and experienced team, the company can provide its customers with reliable and high-quality deliveries of proppants. The company's business model focuses on providing comprehensive solutions to customers in the shale gas and shale oil industry, positioning Source Energy Services as a key player in the frac sand industry.

Frequently asked questions about Source Energy Services

The business model of Source Energy Services Ltd revolves around providing high-quality, cost-effective proppants and logistics solutions to the oil and gas industry. As a leading integrated supplier, Source Energy Services Ltd focuses on sourcing, producing, and delivering a wide range of proppants, including frac sand and resin-coated products. By offering comprehensive services such as storage, transportation, and transloading, the company ensures efficient and timely delivery of its products to oil and gas exploration and production companies. Source Energy Services Ltd's business model aims to meet the industry's demand for superior proppant products while providing end-to-end solutions that optimize operational efficiency and enhance well performance.

Source Energy Services Ltd is primarily active in the oil and gas industry.

Some of the main competitors of Source Energy Services Ltd in the market include Hi-Crush Inc., U.S. Silica Holdings Inc., and Badger Mining Corporation.

Source Energy Services Ltd is a leading provider of integrated proppant solutions to the North American oil and gas industry. Founded in 2017, the company has established itself as a trusted partner in the supply and distribution of high-quality frac sand, an essential component for hydraulic fracturing operations. With a keen focus on customer satisfaction, Source Energy Services has strategically positioned itself as a key player in the industry, delivering innovative solutions while maintaining a commitment to sustainability. As Canada's largest integrated proppant supply company, Source Energy Services continues to expand its operations and enhance its service offerings to meet the evolving needs of the energy sector.

Some significant milestones that Source Energy Services Ltd has achieved include its initial public offering in April 2017, becoming the first publicly traded frac sand supply company in Canada. The company also expanded its operations by acquiring two frac sand terminals in Wisconsin, USA in 2018, enhancing its market reach and supply capabilities. Additionally, Source Energy Services Ltd has successfully maintained key relationships with major oil and gas exploration and production companies, solidifying its position as a leading supplier of high-quality proppants in North America.

Source Energy Services Ltd is primarily present in Canada and the United States.

Source Energy Services Ltd represents a strong commitment to providing high-quality, sustainable solutions in the energy industry. The company upholds values of integrity, innovation, and excellence, which drive their operations and decision-making processes. Source Energy Services Ltd is dedicated to delivering superior customer service, ensuring the utmost satisfaction for their clients. With a focus on environmental responsibility, the company strives to minimize their ecological footprint and actively supports sustainable practices. Source Energy Services Ltd actively invests in research and development to continuously improve their technologies and offerings in order to meet the evolving needs of the industry.

Analysts currently set an average price target of 18.11 CAD for the Source Energy Services stock (median: 18.11 CAD), implying +99.4 % versus the latest price. The consensus is based on 8 analyst ratings.

8 analysts currently rate the Source Energy Services stock: 6 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Source Energy Services to generate revenue of 612.75 M CAD and earnings per share of -0.76 CAD.

Converted at the current exchange rate, the Source Energy Services share trades at 5.71 EUR (9.08 CAD).

The Source Energy Services share (SHLE.TO) is listed on 3 stock exchanges, including: Toronto (SHLE.TO), Frankfurt (S4O0.F).

Source Energy Services Ltd is a leading provider of proppants and logistics solutions for the oil and gas industry in North America. The Canadian company was founded in 2017 and is headquartered in Calgary, Alberta. The business model of Source Energy Services includes three main divisions: the sale of proppants, the rental of logistics equipment, and the provision of logistics services. Proppants are sand or ceramic particles used in hydraulic fracturing processes to improve the flow of oil and gas. The company offers a wide range of proppants, including Northern White Sand, Brown Sand, and ceramic proppants. These are available in various sizes and quality grades to meet the specific requirements of customers. The rental of logistics equipment such as silo trucks and conveyor belts is another important division of Source Energy Services. These devices are used to transport proppants from production facilities to fracturing sites. By renting the equipment, the company provides its customers with a flexible and cost-effective solution for their logistics needs. Another focus of Source Energy Services' business model is the provision of logistics services. This includes the planning, organization, and monitoring of transportation, as well as the storage and handling of proppants at various logistics locations. The company relies on modern IT systems and processes to ensure fast and reliable order processing. Sustainability is also an important aspect of Source Energy Services' business model. The company places great emphasis on environmental protection and works closely with its customers to develop sustainable solutions for the use of proppants. For example, the company uses recycled water and reduces CO2 emissions through the use of more efficient logistics processes and equipment. Overall, Source Energy Services' business model is focused on offering its customers comprehensive and customized solutions for their needs in the oil and gas industry. By combining proppants, logistics equipment, and services, the company provides an integrated value chain that helps its customers reduce costs and increase efficiency. As a leading provider of proppants and logistics solutions in North America, Source Energy Services has earned a reputation as a reliable and innovative partner to the oil and gas industry. The company is committed to continue offering its customers high-quality products and services while also contributing to environmental protection.

The expected revenue of Source Energy Services is 612.75 M CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Source Energy Services is -9.94 M CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Source Energy Services is currently -11.95. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Source Energy Services stock.

The price-to-sales ratio (P/S) of Source Energy Services is currently 0.19. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Source Energy Services stock.

The Eulerpool Quality Score for Source Energy Services is 4/10.

The ISIN of Source Energy Services is CA83615X4075. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Source Energy Services is A2QQHD. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Source Energy Services is SHLE.TO. The ticker symbol is used to trade Source Energy Services shares on the stock exchange.

Fair ValueTerminal
8.17 CAD
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Energy Equipment & Services
Number of shares
Employees
Revenue per Employee
1.83 M CAD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Currency
CAD
Initial public offering
Apr 13, 2017
ISIN
CA83615X4075
Sedol
BLBR5C3
Market capitalization
121.15 M CADMicro Cap
52-Week Range
PEG
—
P/E ratio
P/Ee 2026
-11.95
P/Ee 2027
7.76
P/Ee 2028
4.05
P/S
P/Se
0.19
EV/EBIT
7.70
P/B Ratio
0.58
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
6.80 %
Last updated Oct 15, 2026, 4:51 PM

Source Energy Services Ticker

FRANKFURT · S4O0.FOTC · SCEYFTSX · SHLE.TO

Source Energy Services FIGI

SHLE:CN · BBG00FZJ6YL2SHLE:CT · BBG00FZJ6YN0SHLE:CJ · BBG00FZJ6YT4SHLE:TR · BBG00FZJ6YW0SHLE:TX · BBG00FZJ6YY8SHLE:TA · BBG00FZJ6YZ7SHLE:TG · BBG00FZJ6Z11SHLE:TK · BBG00FZJ6Z20SHLE:TW · BBG00FZJ6Z39SHLE:DT · BBG00FZJ6Z84SHLE:DG · BBG00FZJ6Z93SHLE:QF · BBG00FZJ6ZB0