Western Energy Services Corp (TSE:WRG) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$2.92.
A number of equities analysts have commented on the stock. Scotiabank raised shares of Western Energy Services Corp from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$3.00 to C$4.00 in a research note on Thursday, April 27th. Raymond James Financial, Inc. upgraded shares of Western Energy Services Corp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$2.60 to C$2.65 in a report on Thursday, April 27th. Royal Bank Of Canada lowered their price objective on shares of Western Energy Services Corp from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Friday, April 28th. Canaccord Genuity lowered their price target on shares of Western Energy Services Corp from C$2.50 to C$1.80 in a report on Tuesday, July 11th. Finally, CIBC lowered their price target on shares of Western Energy Services Corp from C$4.25 to C$3.25 in a report on Thursday, July 20th.
Shares of Western Energy Services Corp (WRG) opened at 1.27 on Friday. The firm’s market capitalization is $93.72 million. The stock has a 50 day moving average price of $1.54 and a 200 day moving average price of $2.18. Western Energy Services Corp has a 12 month low of $1.26 and a 12 month high of $3.52.
About Western Energy Services Corp
Western Energy Services Corp. is a Canada-based oilfield service company. The Company is focused on three core business lines: contract drilling, well servicing and oilfield rental equipment services. It operates in the oilfield service industry through its contract drilling segment in Canada and the United States, and through its production services segment in Canada.
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