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Source Energy Services (TSX:SHLE) 6-Month Price Index : 2.74 (As of Apr. 29, 2024)


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What is Source Energy Services 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-04-29), Source Energy Services's 6-Month Price Index is 2.74.

Competitive Comparison of Source Energy Services's 6-Month Price Index

For the Oil & Gas Equipment & Services subindustry, Source Energy Services's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Source Energy Services  (TSX:SHLE) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Source Energy Services  (TSX:SHLE) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Source Energy Services 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Source Energy Services's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Source Energy Services (TSX:SHLE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Energy Services Ltd (TSX:SHLE) » Definitions » 6-Month Price Index
Comparable Companies
TSXV:CWC TSX:PSD TSX:HWO TSX:ESN TSX:MCB TSX:E TSX:SFD TSX:BRY TSXV:WEII TSX:FLNT SLB HAL BKR MIL:TEN FTI SHSE:601808 NOV WFRD CHX ASX:WOR
Traded in Other Exchanges
SCEYF:USA S4O0:Germany
Address
500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4
Website
https://www.sourceenergyservices.com
Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.
Executives
Derren James Newell Senior Officer

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