Source Energy Services: Top 10 Undervalued Energy Sector Stocks on TSX (SHLE)
Source Energy Services is now ranked among the top 10 undervalued stocks in the Energy sector on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| AKT-A | Akita Drilling | 1.55 | 2.49 | 0.94 (60.9%) | 34685 | 62.2 | 0.0 | 3.4 |
| AKT-B | Akita Drilling | 1.72 | 2.69 | 0.97 (56.1%) | 69.0 | 0.0 | 3.7 | |
| CNE | Canacol Energy | 4.71 | 7.16 | 2.45 (52.1%) | 93010 | 160.7 | 22.1 | 1.4 |
| ITE | i3 Energy | 0.20 | 0.29 | 0.09 (47.5%) | 178564 | 237.2 | 7.4 | 3.6 |
| BNG | Bengal Energy | 0.03 | 0.03 | 0.01 (32.2%) | 9664 | 12.1 | 0.0 | 0.0 |
| GTE | Gran Tierra Energy | 10.70 | 14.07 | 3.37 (31.5%) | 46481 | 358.1 | 0.0 | 0.0 |
| CFW | Calfrac Well Servs | 4.16 | 5.43 | 1.27 (30.5%) | 50720 | 367.2 | 0.0 | 1.9 |
| FEC | Frontera Energy | 8.49 | 10.72 | 2.23 (26.2%) | 54096 | 750.2 | 0.7 | 2.9 |
| PSD | Pulse Seismic | 2.29 | 2.84 | 0.55 (24.2%) | 10533 | 121.9 | 2.4 | 8.2 |
| SHLE | Source Energy Services | 12.58 | 15.55 | 2.97 (23.6%) | 36068 | 177.2 | 0.0 | 1.1 |
All data provided as of April 02, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Source Energy Services
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.
Source Energy Services is listed under SHLE on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
