Western Energy Services Corp (WRG) Given Consensus Rating of “Buy” by Brokerages
Western Energy Services Corp (TSE:WRG) has received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$2.69.
A number of research analysts have commented on WRG shares. Canaccord Genuity decreased their target price on shares of Western Energy Services Corp from C$2.50 to C$1.80 in a research report on Tuesday, July 11th. CIBC lowered their target price on shares of Western Energy Services Corp from C$4.25 to C$3.25 in a research note on Thursday, July 20th. Finally, Raymond James Financial, Inc. lowered their target price on shares of Western Energy Services Corp from C$1.85 to C$1.40 and set a “market perform” rating for the company in a research note on Tuesday, August 22nd.
Shares of Western Energy Services Corp (TSE WRG) traded down 6.72% during mid-day trading on Wednesday, hitting $1.25. The company had a trading volume of 136,357 shares. Western Energy Services Corp has a 52-week low of $1.07 and a 52-week high of $3.52. The firm’s market capitalization is $92.25 million. The firm has a 50-day moving average price of $1.25 and a 200 day moving average price of $1.75.
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About Western Energy Services Corp
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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