Western Energy Services Corp (TSE:WRG) PT Lowered to C$1.80 at Canaccord Genuity
Western Energy Services Corp (TSE:WRG) had its price objective decreased by Canaccord Genuity from C$2.50 to C$1.80 in a report released on Tuesday. Canaccord Genuity’s price target would suggest a potential upside of 12.50% from the company’s current price.
Several other analysts have also weighed in on the company. Royal Bank Of Canada cut their price objective on Western Energy Services Corp from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Friday, April 28th. Raymond James Financial, Inc. raised Western Energy Services Corp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$2.60 to C$2.65 in a research report on Thursday, April 27th. Finally, Scotiabank raised Western Energy Services Corp from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$3.00 to C$4.00 in a research report on Thursday, April 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$3.46.
Western Energy Services Corp (TSE WRG) traded down 2.50% on Tuesday, reaching $1.56. The company’s stock had a trading volume of 58,707 shares. Western Energy Services Corp has a 52-week low of $1.48 and a 52-week high of $3.52. The firm’s market capitalization is $115.12 million. The firm has a 50-day moving average price of $2.01 and a 200 day moving average price of $2.52.
About Western Energy Services Corp
Western Energy Services Corp. is a Canada-based oilfield service company. The Company is focused on three core business lines: contract drilling, well servicing and oilfield rental equipment services. It operates in the oilfield service industry through its contract drilling segment in Canada and the United States, and through its production services segment in Canada.
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