Western Energy Services Corp. Receives Average Recommendation of “Buy” from Analysts (CVE:WRG)
Shares of Western Energy Services Corp. (CVE:WRG) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Stock Ratings Network reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$13.93.
A number of research firms have recently commented on WRG. Analysts at Scotiabank raised their price target on shares of Western Energy Services Corp. from C$14.00 to C$16.00 in a research note on Friday. They now have an “outperform” rating on the stock. Analysts at CIBC raised their price target on shares of Western Energy Services Corp. to C$13.75 in a research note on Friday.
Western Energy Services Corp. (CVE:WRG) opened at 10.74 on Friday. Western Energy Services Corp. has a one year low of $6.92 and a one year high of $11.70. The stock has a 50-day moving average of $11.12 and a 200-day moving average of $10.03. The company has a market cap of $803.9 million and a P/E ratio of 17.18.
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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