Western Energy Services Corp (TSE:WRG) had its target price dropped by CIBC from C$4.25 to C$3.25 in a research note issued on Thursday, StockTargetPrices.com reports. CIBC’s price objective points to a potential upside of 116.67% from the company’s current price.

Several other equities analysts have also recently weighed in on WRG. Scotiabank raised Western Energy Services Corp from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$3.00 to C$4.00 in a research report on Thursday, April 27th. Raymond James Financial, Inc. raised Western Energy Services Corp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$2.60 to C$2.65 in a research report on Thursday, April 27th. 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 research report on Friday, April 28th. Finally, Canaccord Genuity cut their price objective on Western Energy Services Corp from C$2.50 to C$1.80 in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$3.21.

Shares of Western Energy Services Corp (WRG) traded down 2.00% during midday trading on Thursday, hitting $1.47. The company had a trading volume of 86,501 shares. The company’s 50 day moving average is $1.82 and its 200 day moving average is $2.38. Western Energy Services Corp has a one year low of $1.43 and a one year high of $3.52. The firm’s market cap is $108.48 million.

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Western Energy Services Corp Company Profile

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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Analyst Recommendations for Western Energy Services Corp (TSE:WRG)

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