Source Energy Services (TSX:SHLE) Momentum Rank: 4 (As of Sep. 04, 2026) — 43% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:SHLE Source Energy Services Ltd TSX:SHLE
67 GF Score
Price C$11.70
GF Value C$11.81
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Source Energy Services Momentum Rank?

Source Energy Services TSX:SHLE +0.86% 67 Momentum Rank is 4 as of Sep. 04, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates TSX:SHLE with a GF Score™ of 67/100 and a GF Value™ of C$11.81 (Fairly Valued). The stock has 6 warning signs investors should review.

Source Energy Services has the Momentum Rank of 4.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Source Energy Services Momentum Rank Related Terms

TSX:SHLE vs SLB, BKR, HAL: Momentum Rank Comparison

For the Oil & Gas Equipment & Services subindustry, Source Energy Services's Momentum Rank, along with its competitors' market caps and Momentum Rank 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 Momentum Rank vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Source Energy Services's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Source Energy Services's Momentum Rank falls into.


TSX:SHLE
67GF Score
Source Energy Services Ltd TSX:SHLE
Momentum Rank is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Momentum Rank →
What does a Momentum Rank of 4 mean?
Source Energy Services (TSX:SHLE) has a Momentum Rank of 4 as of Sep. 04, 2026. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on Source Energy Services and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Source Energy Services' Momentum Rank has ranged from 1.00 to 10.00.
Is Source Energy Services' Momentum Rank too high?
Source Energy Services' current Momentum Rank of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 10.00. Overall, Source Energy Services has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' Momentum Rank compare to SLB and BKR?
Source Energy Services' Momentum Rank of 4 can be compared against companies in the Oil & Gas industry. Historically, Source Energy Services' own Momentum Rank has ranged from 1.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Momentum Rank for an Oil & Gas company?
A good Momentum Rank depends on the Oil & Gas industry context. However, Momentum Rank should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Momentum Rank mean?
A high Momentum Rank can signal that a stock is expensive relative to its fundamentals. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on Source Energy Services and its competitors. Source Energy Services's current Momentum Rank is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$11.81, compared to a current price of C$11.70 — trading 0.9% below its estimated fair value. The current Momentum Rank is 4, which is 43% below median its 10-year median of 7.00. Source Energy Services' overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Momentum Rank calculated?
Momentum Rank is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current Momentum Rank is 4 as of Sep. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Source Energy Services (TSX:SHLE) Overvalued in 2026?

Based on GuruFocus' analysis, Source Energy Services stock appears to be undervalued. The current stock price of C$11.70 is trading 0.9% below its estimated GF Value™ of C$11.81. GuruFocus considers Source Energy Services to be Fairly Valued.

Key valuation signals for TSX:SHLE:

  • Momentum Rank: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: C$11.81 vs. price of C$11.70 (0.9% below fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the TSX:SHLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Source Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges SCEYF:USAS4O0:Germany
Address 438, 11th Avenue SE, Suite 500, Calgary, AB, CAN, T2G 0Y4
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, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
67GF Score

Get the complete analysis for TSX:SHLE

Momentum Rank is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$11.70
Price
C$11.81
GF Value