Western Energy Services Now Covered by Analysts at Clarus Securities (WRG)
Equities researchers at Clarus Securities initiated coverage on shares of Western Energy Services (CVE:WRG) in a research report issued on Tuesday, American Banking & Market News reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on WRG. Analysts at CIBC reiterated a “sector outperform” rating on shares of Western Energy Services in a research note to investors on Wednesday, September 18th. They now have a C$9.50 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Western Energy Services 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. Six 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.
Shares of Western Energy Services (CVE:WRG) traded up 2.06% on Tuesday, hitting $7.91. 84,346 shares of the company’s stock traded hands. Western Energy Services has a 1-year low of $6.40 and a 1-year high of $8.86. The stock’s 50-day moving average is $8.22 and its 200-day moving average is $7.54. The company has a price-to-earnings ratio of 14.35.
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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