Western Energy Services Corp. Given Average Recommendation of “Buy” by Brokerages (CVE:WRG)
Shares of Western Energy Services Corp. (CVE:WRG) have received an average rating of “Buy” from the eight ratings firms that are currently covering the company, Analyst Ratings.Net reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$13.21.
Shares of Western Energy Services Corp. (CVE:WRG) traded up 2.77% on Friday, hitting $10.77. The stock had a trading volume of 74,988 shares. Western Energy Services Corp. has a 52 week low of $6.92 and a 52 week high of $11.70. The stock has a 50-day moving average of $11.14 and a 200-day moving average of $10.01. The company has a market cap of $800.5 million and a price-to-earnings ratio of 17.18.
A number of analysts have recently weighed in on WRG shares. Analysts at CIBC raised their price target on shares of Western Energy Services Corp. to C$13.75 in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Western Energy Services Corp. to C$14.25 in a research note on Monday, May 5th.
Western Energy Services Corp. (CVE:WRG) is a Canada-based oilfield service company, providing contract drilling services through its wholly owned subsidiaries Horizon Drilling Inc (Horizon) in Canada and Stoneham Drilling Corporation (Stoneham) in the United States and well servicing operations through its wholly owned subsidiary Matrix Well Servicing Inc (Matrix).
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