Western Energy Services Price Target Lowered to C$10.00 at RBC Capital (WRG)
Stock analysts at RBC Capital dropped their price objective on shares of Western Energy Services (CVE:WRG) from C$11.00 to C$10.00 in a report issued on Friday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on WRG. Analysts at TD Securities cut their price target on shares of Western Energy Services from C$10.00 to C$9.50 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank initiated coverage on shares of Western Energy Services in a research note to investors on Thursday. They set an “outperform” rating and a C$11.00 price target on the stock. Finally, analysts at Clarus Securities initiated coverage on shares of Western Energy Services in a research note to investors on Tuesday, October 15th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$9.67.
Shares of Western Energy Services (CVE:WRG) traded down 0.51% during mid-day trading on Friday, hitting $7.83. 37,436 shares of the company’s stock traded hands. Western Energy Services has a 52 week low of $6.40 and a 52 week high of $8.86. The stock has a 50-day moving average of $8.09 and a 200-day moving average of $7.73. The company has a P/E ratio of 14.57.
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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