Western Energy Services Stock Rating Reaffirmed by CIBC (WRG)
Western Energy Services (CVE:WRG)‘s stock had its “sector outperform” rating reiterated by CIBC in a research note issued on Wednesday, AnalystRatingsNetwork reports. They currently have a C$9.50 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Western Energy Services (CVE:WRG) from C$9.25 to C$10.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Western Energy Services (CVE:WRG) from C$9.50 to C$11.00 in a research note to investors on Wednesday, July 24th. Finally, analysts at TD Securities initiated coverage on shares of Western Energy Services (CVE:WRG) in a research note to investors on Tuesday, July 2nd. They set a “buy” rating and a C$10.00 price target on the stock.
Five investment analysts have rated the stock with a buy rating, Western Energy Services has a consensus rating of “Buy” and an average target price of C$10.13.
Western Energy Services (CVE:WRG) traded down 0.11% on Wednesday, hitting $8.70. The stock had a trading volume of 135,083 shares. Western Energy Services has a 52-week low of $6.40 and a 52-week high of $8.86. The stock’s 50-day moving average is $8.25 and its 200-day moving average is $7.58. The company has a P/E ratio of 16.13.
Western Energy Services Corp is an oilfield service company which provides contract drilling services through its wholly owned subsidiaries Horizon Drilling Inc in Canada and Stoneham Drilling Corporation in the United States.
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