SHLE.TO
Source Energy Services Ltd.
TorontoCADEQUITY
Energy
DELAYED
Last price
11.73
▼ 0.27 (2.25%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
12.49
Prev close
12.00
Day high
12.49
Day low
11.55
Volume
6.72K
Market cap
$152.57M
P/E (TTM)
—
52W range
10.34 – 18.74
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.05M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 29, 26 | Bowers, Jeffrey Director of Issuer |
— | 0 | — | Direct |
| Jul 28, 26 | Source Energy Services Ltd. Issuer |
BUY | 500 | $4.40K | Direct |
| Jul 28, 26 | Source Energy Services Ltd. Issuer |
— | 13.50K | — | Direct |
| Jul 27, 26 | Source Energy Services Ltd. Issuer |
BUY | 500 | $4.40K | Direct |
| Jul 24, 26 | Source Energy Services Ltd. Issuer |
BUY | 500 | $4.40K | Direct |
| Jul 23, 26 | Source Energy Services Ltd. Issuer |
BUY | 700 | $6.13K | Direct |
| Jul 21, 26 | Source Energy Services Ltd. Issuer |
BUY | 300 | $2.51K | Direct |
| Jul 20, 26 | Source Energy Services Ltd. Issuer |
BUY | 500 | $4.23K | Direct |
| Jul 17, 26 | Source Energy Services Ltd. Issuer |
BUY | 500 | $4.55K | Direct |
| Jul 16, 26 | Source Energy Services Ltd. Issuer |
BUY | 400 | $3.66K | Direct |
| Jul 15, 26 | Source Energy Services Ltd. Issuer |
BUY | 600 | $5.63K | Direct |
| Jul 14, 26 | Source Energy Services Ltd. Issuer |
BUY | 500 | $4.86K | Direct |
| Jul 13, 26 | Source Energy Services Ltd. Issuer |
BUY | 800 | $7.88K | Direct |
| Jul 10, 26 | Source Energy Services Ltd. Issuer |
BUY | 2.00K | $19.62K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Bowers, Jeffrey |
Director of Issuer | 2.50K | Opening Balance-Initial SEDI Report |
Reynolds (Catherine Victoria) |
Senior Officer of Issuer | 28.28K | Acquisition or disposition in the public market |
Source Energy Services Ltd. |
Issuer | 13.50K | Redemption, retraction, cancelation, repurchase |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-7.71%
-6.3%
1M
-4.01%
-7.7%
3M
-22.16%
-25.3%
6M
-33.50%
-44.6%
YTD
-22.78%
-35.1%
1Y
-6.16%
-26.2%
3Y
+152.80%
+78.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$152.57M
Enterprise value$442.21M
Revenue (TTM)$587.19M
Gross profit$82.43M
EBITDA$45.19M
Net income$-12.98M
EPS (TTM)$-0.95
Free cash flow$-3.29M
Total cash$2.04M
Total debt$291.53M
Book value / share$15.53
Shares outstanding13.01M
Float11.99M
Short % of float—
Dividend yield—
Beta (5Y)2.44
Short interest
Shares short
126.73K
Prior 128.01K
Change vs prior
-1.0%
Shorts covering
% of float
—
—
% of shares out
0.87%
Against total outstanding
Days to cover
11.0
Crowded exit
Float
11.99M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E—
Forward P/E3.52
PEG ratio—
Price / sales—
Price / book0.76
EV / revenue0.75
EV / EBITDA9.79
Gross margin14.04%
Operating margin-1.05%
Profit margin-2.21%
Return on equity-6.21%
Return on assets1.09%
Debt / equity144.16
Current ratio1.22
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $700.30M | $673.95M | $569.75M | $415.91M | +3.9% |
| Operating revenue | $700.30M | $673.95M | $569.75M | $415.91M | +3.9% |
| Cost of revenue | $583.73M | $546.61M | $460.34M | $357.77M | +6.8% |
| Gross profit | $116.58M | $127.34M | $109.41M | $58.15M | -8.4% |
| Selling, general & admin | $39.84M | $56.32M | $39.41M | $26.72M | -29.3% |
| Total operating expense | $67.07M | $77.43M | $55.76M | $41.61M | -13.4% |
| Operating income | $49.51M | $49.91M | $53.65M | $16.53M | -0.8% |
| Net interest income | -$30.40M | -$34.62M | -$36.05M | -$33.15M | +12.2% |
| Pre-tax income | $38.46M | $17.85M | $149.97M | -$8.77M | +115.4% |
| Tax provision | $5.38M | $8.34M | -$17.38M | $0 | -35.6% |
| Net income | $33.08M | $9.51M | $167.34M | -$8.77M | +247.9% |
| Net income to common | $33.08M | $9.51M | $167.34M | -$8.77M | +247.9% |
| Basic EPS | 2.48 | 0.70 | 12.35 | -0.65 | +254.3% |
| Diluted EPS | 2.48 | 0.70 | 11.88 | -0.65 | +254.3% |
| EBIT | $68.07M | $50.66M | $184.38M | $23.50M | +34.4% |
| EBITDA | $133.12M | $103.03M | $221.96M | $54.89M | +29.2% |
| Basic shares | 13.34M | 13.55M | 13.55M | 13.55M | -1.5% |
| Diluted shares | 13.34M | 13.55M | 14.09M | 13.55M | -1.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $19.90M | $32.72M | $0 | — | — | -39.2% |
| Cash & short-term investments | $19.90M | $32.72M | $0 | — | — | -39.2% |
| Accounts receivable | $79.63M | $79.50M | $44.01M | $42.30M | — | +0.2% |
| Inventory | $92.22M | $89.43M | $85.10M | $72.53M | — | +3.1% |
| Total current assets | $204.72M | $212.59M | $136.18M | $122.55M | — | -3.7% |
| Property, plant & equipment | $390.80M | $356.70M | $315.83M | $193.46M | — | +9.6% |
| Total assets | $617.13M | $598.22M | $482.83M | $326.90M | — | +3.2% |
| Total current liabilities | $156.38M | $140.97M | $108.37M | $87.45M | — | +10.9% |
| Current debt | $11.69M | $8.09M | $17.56M | — | $7.50M | +44.4% |
| Long-term debt | $162.59M | $186.87M | $141.53M | $176.52M | — | -13.0% |
| Total debt | $277.25M | $274.87M | $221.78M | $244.94M | — | +0.9% |
| Total liabilities | $408.24M | $408.35M | $313.70M | $321.24M | — | -0.0% |
| Retained earnings | -$211.86M | -$244.94M | -$254.45M | -$421.80M | — | +13.5% |
| Shareholder equity | $208.90M | $189.87M | $169.13M | $5.66M | — | +10.0% |
| Working capital | $48.34M | $71.62M | $27.81M | $35.09M | — | -32.5% |
| Net tangible assets | $208.90M | $189.87M | $169.13M | $5.66M | — | +10.0% |
| Shares issued | 13.08M | 13.55M | 13.55M | 13.55M | — | -3.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $33.08M | $9.51M | $167.34M | -$8.77M | +247.9% |
| Depreciation & amortisation | $65.05M | $52.38M | $37.58M | $31.38M | +24.2% |
| Stock-based compensation | -$3.03M | $14.74M | $6.76M | $947.00K | -120.6% |
| Change in working capital | $18.61M | -$14.86M | -$14.85M | $23.56M | +225.2% |
| Operating cash flow | $117.69M | $94.39M | $80.24M | $80.17M | +24.7% |
| Capital expenditure | -$59.85M | -$43.32M | -$22.11M | -$15.17M | -38.2% |
| Investing cash flow | -$59.35M | -$27.06M | -$13.20M | -$13.90M | -119.3% |
| Dividends paid | $0 | $0 | $0 | $0 | — |
| Financing cash flow | -$70.33M | -$34.61M | -$67.04M | -$66.28M | -103.2% |
| Free cash flow | $57.84M | $51.06M | $58.13M | $65.01M | +13.3% |
| End cash position | $19.90M | $32.72M | $0 | $0 | -39.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $137.12M | $160.22M | $164.53M | $125.32M | $201.89M | — | -14.4% |
| Operating revenue | $137.12M | $160.22M | $164.53M | $125.32M | $201.89M | — | -14.4% |
| Cost of revenue | $119.76M | $138.20M | $141.11M | $105.69M | $165.15M | — | -13.3% |
| Gross profit | $17.36M | $22.02M | $23.42M | $19.63M | $36.74M | — | -21.2% |
| Selling, general & admin | $10.40M | $8.58M | $10.62M | $9.47M | $12.94M | — | +21.3% |
| Total operating expense | $17.92M | $16.27M | $17.55M | $16.19M | $19.73M | — | +10.1% |
| Operating income | -$559.00K | $5.75M | $5.87M | $3.44M | $17.00M | — | -109.7% |
| Net interest income | -$7.62M | -$7.32M | -$9.79M | -$6.57M | -$7.18M | — | -4.0% |
| Pre-tax income | -$8.70M | -$4.63M | -$1.58M | -$6.71M | $16.63M | — | -87.7% |
| Tax provision | -$3.11M | -$1.34M | -$3.72M | -$497.00K | $3.06M | — | -132.5% |
| Net income | -$5.59M | -$3.30M | $2.13M | -$6.22M | $13.57M | — | -69.6% |
| Net income to common | -$5.59M | -$3.30M | $2.13M | -$6.22M | $13.57M | — | -69.6% |
| Basic EPS | -0.43 | -0.25 | — | -0.46 | 1.01 | 1.74 | -72.0% |
| Diluted EPS | -0.43 | -0.25 | — | -0.46 | 1.01 | 1.74 | -72.0% |
| EBIT | -$1.41M | $2.52M | $8.04M | -$423.00K | $23.70M | — | -155.9% |
| EBITDA | $17.13M | $22.63M | $24.52M | $15.74M | $41.01M | — | -24.3% |
| Basic shares | 13.06M | 13.08M | — | 13.46M | 13.48M | 13.55M | -0.2% |
| Diluted shares | 13.06M | 13.08M | — | 13.46M | 13.48M | 13.55M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.04M | $5.01M | $19.90M | $30.39M | $43.84M | -59.2% |
| Cash & short-term investments | $2.04M | $5.01M | $19.90M | $30.39M | $43.84M | -59.2% |
| Accounts receivable | $56.37M | $92.92M | $79.63M | $51.80M | $84.90M | -39.3% |
| Inventory | $91.75M | $78.26M | $92.22M | $92.81M | $79.11M | +17.2% |
| Total current assets | $163.53M | $189.36M | $204.72M | $182.54M | $215.90M | -13.6% |
| Property, plant & equipment | $407.69M | $404.25M | $390.80M | $394.31M | $365.00M | +0.9% |
| Total assets | $592.68M | $614.07M | $617.13M | $597.89M | $602.09M | -3.5% |
| Total current liabilities | $133.60M | $137.47M | $156.38M | $128.41M | $136.93M | -2.8% |
| Current debt | $16.89M | $12.55M | $11.69M | $14.73M | $18.34M | +34.6% |
| Long-term debt | $173.69M | $178.32M | $162.59M | $166.29M | $165.67M | -2.6% |
| Total debt | $291.53M | $297.26M | $277.25M | $285.28M | $276.31M | -1.9% |
| Total liabilities | $390.45M | $405.53M | $408.24M | $387.55M | $386.03M | -3.7% |
| Retained earnings | -$220.75M | -$215.16M | -$211.86M | -$213.99M | -$207.77M | -2.6% |
| Shareholder equity | $202.23M | $208.54M | $208.90M | $210.34M | $216.07M | -3.0% |
| Working capital | $29.93M | $51.89M | $48.34M | $54.13M | $78.96M | -42.3% |
| Net tangible assets | $202.23M | $208.54M | $208.90M | $210.34M | $216.07M | -3.0% |
| Shares issued | 13.07M | 13.08M | 13.08M | 13.15M | 13.32M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$5.59M | -$3.30M | $2.13M | -$6.22M | $13.57M | -69.6% |
| Depreciation & amortisation | $18.54M | $20.12M | $16.48M | $16.16M | $17.30M | -7.9% |
| Stock-based compensation | -$94.00K | $41.00K | $528.00K | $321.00K | $1.08M | -329.3% |
| Change in working capital | $20.25M | -$23.75M | -$4.46M | $17.78M | $5.91M | +185.3% |
| Operating cash flow | $27.64M | -$449.00K | $20.14M | $35.02M | $35.77M | +6,255.5% |
| Capital expenditure | -$18.68M | -$15.97M | -$11.94M | -$25.67M | -$11.32M | -16.9% |
| Investing cash flow | -$15.21M | -$14.90M | -$12.05M | -$26.15M | -$11.43M | -2.1% |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | — |
| Financing cash flow | -$15.43M | $860.00K | -$18.31M | -$22.49M | -$12.41M | -1,894.1% |
| Free cash flow | $8.96M | -$16.42M | $8.20M | $9.35M | $24.45M | +154.6% |
| End cash position | $2.04M | $5.01M | $19.90M | $30.39M | $43.84M | -59.2% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.17 | -0.37 | -318.2% |
| Mar 2026 | 0.45 | — | — |
| Dec 2025 | 0.32 | 0.13 | -59.3% |
| Sep 2025 | 0.09 | -0.19 | -310.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.08 | 2 | $0 | — |
| Next quarter | -0.14 | 1 | $0 | — |
| Current year | 1.12 | 1 | $610.75M | -12.8% |
| Next year | 3.33 | 1 | $676.75M | +10.8% |
Analyst targets & ownership
Mean target$15.25
High target$17.50
Low target$13.00
Implied upside30.01%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders8.10%
Held by institutions31.02%
Institutions holding13
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
12.18
-3.69% from price
SMA 20
12.12
-3.23% from price
SMA 50
12.91
-9.15% from price
SMA 100
14.06
-16.55% from price
SMA 200
14.63
-19.83% from price
EMA 12
12.14
-3.41% from price
EMA 26
12.38
-5.23% from price
EMA 50
12.89
-9.02% from price
RSI (14)
38.2
Neutral
MACD (12,26,9)
-0.23
Hist 0.04
ATR (14)
0.38
3.28% of price
Realised vol 30D
36.2%
Annualised
Bollinger upper
12.75
20, 2σ
Bollinger lower
11.49
20, 2σ
50 / 200 cross
Death
12.91 vs 14.63
Trend bias
Below 200
-19.83%
Risk profile
Beta vs SPY
0.39
Less volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
36.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-36.8%
Peak to trough
Max drawdown 5Y
-68.0%
Peak to trough
ATR 14
0.38
3.28% of price
Beta (reported)
2.44
5Y monthly, from filing
Dividends & splits
Forward rate—
Forward yield—
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay dateJan 5, 2021
Last split1:12
Split dateJan 5, 2021
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.