Western Energy Services Corp (TSE:WRG) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Western Energy Services Corp (TSE:WRG) have earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$3.21.
A number of brokerages have recently commented on WRG. CIBC lowered their price target on Western Energy Services Corp from C$4.25 to C$3.25 in a research note on Thursday. Canaccord Genuity lowered their price target on Western Energy Services Corp from C$2.50 to C$1.80 in a research note on Tuesday, July 11th. Royal Bank Of Canada lowered their price target on Western Energy Services Corp from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research note on Friday, April 28th. Raymond James Financial, Inc. raised Western Energy Services Corp from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$2.60 to C$2.65 in a research note on Thursday, April 27th. Finally, Scotiabank raised Western Energy Services Corp from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$3.00 to C$4.00 in a research note on Thursday, April 27th.
Western Energy Services Corp (WRG) traded down 6.67% on Friday, hitting $1.40. 93,331 shares of the stock traded hands. Western Energy Services Corp has a 12-month low of $1.38 and a 12-month high of $3.52. The company’s 50 day moving average price is $1.81 and its 200-day moving average price is $2.38. The stock’s market capitalization is $103.32 million.
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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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