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StockVS

TSX · Oil & Gas Equipment & Services · CAD

Source Energy Services Ltd. (SHLE.TO) Stock Analysis

Source Energy Services Ltd. (SHLE.TO) is a Oil & Gas Equipment & Services stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

SHLE.TO

CA$9.68

+CA$0.61 (+6.73%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SHLE.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$9.38
Previous Close
CA$9.07
Day's Range
9.38–9.79
52-Week Range
8.60–18.74
Volume
6.23K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.42
Valuation
Market Cap
CA$125.91M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.74
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.21
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.97
Financials (FY)
Revenue (FY)
CA$700.31M+3.91%
Net Income (FY)
CA$33.08M+247.89%
Profit marginThe share of revenue left as profit after all costs and taxes.
−2.21%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
13.01M
1-Year Return
−14.11%
Dividend and dates
Earnings Date
November 5, 2026
Avg Volume
8.43K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, SHLE.TO closed at CA$9.68, −14.11% over 1 year.

Source Energy Services Ltd. (SHLE.TO) has a market capitalization of CA$125.91M.

In fiscal 2025, SHLE.TO reported revenue of CA$700.31M.

SHLE.TO Stock Return by Calendar Year

Source Energy Services Ltd. (SHLE.TO) return since Apr 2017: what CA$10,000 became

1 year
CA$10,000 CA$8,589
−14.11%
5 years
CA$10,000 CA$37,231
+272.31%
Since Apr 2017
CA$10,000 CA$787
−92.13%

If you had invested CA$10,000 in Source Energy Services Ltd. (SHLE.TO) at the close on April 18, 2017, the earliest close on record here, it would have been worth CA$787 at the close on October 21, 2026: −92.13% in total, −23.46% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−36.27%
2025−6.47%
2024+172.48%
2023+215.34%
2022+18.12%
2021+2.56%
2020−45.83%
2019−81.40%
2018−85.81%
2017 (partial year)−11.32%

As of October 21, 2026.

SHLE.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$700.31MCA$33.08M4.7%
2024CA$673.95MCA$9.51M1.4%
2023CA$569.75MCA$167.35M29.4%
2022CA$415.91M−CA$8.77M−2.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$700.31MCA$116.58MCA$49.51MCA$33.08M4.7%
2024CA$673.95MCA$127.34MCA$49.91MCA$9.51M1.4%
2023CA$569.75MCA$109.41MCA$53.65MCA$167.35M29.4%
2022CA$415.91MCA$58.15MCA$16.53M−CA$8.77M−2.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SHLE.TO Valuation vs Oil & Gas Equipment & Services Median

Median of 65 stocks
MetricSHLE.TOOil & Gas Equipment & Services medianvs median
P/S ratio0.211.230.2x the median
Profit margin−2.21%4.89%7.1 pts below

Medians across 65 Oil & Gas Equipment & Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Source Energy Services Ltd. (SHLE.TO) carries a market capitalisation of CA$125.91M. The company sits in the Energy sector, in the Oil & Gas Equipment & Services industry. Headcount on file is 556.

The most recent close on file for SHLE.TO is CA$9.68, dated October 21, 2026. That is +CA$0.61 (+6.73%) against the previous close. The 52-week range on file runs from CA$8.60 to CA$18.74. The latest close sits 12.56% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$700.31M. That is +3.91% against the prior fiscal year, when revenue was CA$673.95M. Net income for the same year was CA$33.08M. That is +247.89% against the prior fiscal year. The reported profit margin is −2.21%. That is 7.1 percentage points below the Oil & Gas Equipment & Services median of 4.89%. Earnings per share on a trailing basis come to −0.97.

Across the 4 fiscal years on file, revenue moves from CA$415.91M in 2022 to CA$700.31M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 7.74. Measured against sales, the shares trade at 0.21 times revenue. On price-to-sales that is 0.2 times the Oil & Gas Equipment & Services median of 1.23. The medians here are taken across 65 Oil & Gas Equipment & Services companies that report the metric.

The trailing one-year total return is −14.11%. Across 5 years the annualized return works out at +30.07%. The reported beta is 2.42. Daily returns over the trailing 9 years annualize to a volatility of 106.11%.

Growth & Income

The record shows no dividend for SHLE.TO.

2026 is still running; the total return is −36.27% year to date. Across the complete calendar years on file, 2023 returned +215.34% and 2018 returned −85.81%. Of the 8 complete calendar years on file, 4 finished higher.

Peer Comparison

Source Energy Services Ltd. (SHLE.TO) operates in the Oil & Gas Equipment & Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Source Energy Services Ltd. SHLE.TO CA$125.91M —
SLB N.V. SLB $75.84B 24.7
Baker Hughes Company BKR $55.40B 18.0
Tenaris S.A. TS $29.62B 15.7

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Oil & Gas Equipment & Services industry average P/E ratio is 22.7x. Source Energy Services Ltd. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Source Energy Services Ltd.

Source Energy Services Ltd., together with its subsidiaries, engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States. It also provides logistics services, including trucking operations; and Sahara, a well-site mobile sand storage and handling system, as well as distributes bulk completion materials. The company was founded in 1998 and is headquartered in Calgary, Canada.

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