Western Energy Services Coverage Initiated at Scotiabank (WRG)
Investment analysts at Scotiabank began coverage on shares of Western Energy Services (CVE:WRG) in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm set an “outperform” rating and a C$11.00 price target on the stock.
Western Energy Services (CVE:WRG) traded down 1.02% on Thursday, hitting $7.79. 79,939 shares of the company’s stock traded hands. Western Energy Services has a one year low of $6.40 and a one year high of $8.86. The stock has a 50-day moving average of $8.07 and a 200-day moving average of $7.73.
WRG has been the subject of a number of other recent research reports. 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. 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. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$9.67.
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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