Shares of Western Energy Services Corp (TSE:WRG) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$0.70.

WRG has been the topic of a number of research analyst reports. Canaccord Genuity dropped their target price on shares of Western Energy Services from C$0.55 to C$0.50 in a research note on Thursday, January 10th. Raymond James restated a “market perform” rating and issued a C$0.50 target price on shares of Western Energy Services in a research note on Thursday, January 24th. TD Securities dropped their target price on shares of Western Energy Services from C$0.60 to C$0.55 in a research note on Thursday, February 14th. CIBC restated a “hold” rating and issued a C$0.75 target price on shares of Western Energy Services in a research note on Monday, February 4th. Finally, Cormark dropped their target price on shares of Western Energy Services from C$0.90 to C$0.75 in a research note on Monday, February 4th.

TSE:WRG traded up C$0.01 during mid-day trading on Monday, hitting C$0.35. 45,301 shares of the stock traded hands, compared to its average volume of 63,307. The company has a market capitalization of $31.38 million and a price-to-earnings ratio of -0.76. Western Energy Services has a 52 week low of C$0.28 and a 52 week high of C$1.21. The company has a current ratio of 1.44, a quick ratio of 1.27 and a debt-to-equity ratio of 63.34.

Western Energy Services (TSE:WRG) last issued its quarterly earnings results on Wednesday, February 13th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.09) by C($0.01). The company had revenue of C$63.13 million for the quarter, compared to the consensus estimate of C$58.63 million. As a group, equities analysts forecast that Western Energy Services will post -0.240000011815385 EPS for the current fiscal year.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment includes drilling rig and related ancillary equipment services. The Production Services segment offers well servicing rig and related equipment services.

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Analyst Recommendations for Western Energy Services (TSE:WRG)

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