Western Energy Services Corp (WRG) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Western Energy Services Corp (TSE:WRG) have received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$2.71.
Several analysts recently weighed in on WRG shares. CIBC cut their price target on shares of Western Energy Services Corp from C$4.25 to C$3.25 in a report on Thursday, July 20th. Canaccord Genuity cut their price target on shares of Western Energy Services Corp from C$2.50 to C$1.80 in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. cut their price target on shares of Western Energy Services Corp from C$1.85 to C$1.40 and set a “market perform” rating on the stock in a report on Tuesday, August 22nd.
Western Energy Services Corp (TSE:WRG) remained flat at $1.10 on Friday. 55,100 shares of the company’s stock traded hands. The stock’s market capitalization is $81.18 million. Western Energy Services Corp has a 52 week low of $1.07 and a 52 week high of $3.52. The company’s 50 day moving average is $1.28 and its 200 day moving average is $1.92.
Western Energy Services Corp Company Profile
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services. It operates a fleet of 56 drilling rigs and associated equipment, including 51 in Canada and 5 in the United States.
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