Royal Bank Of Canada Trims Western Energy Services Corp (WRG) Target Price to C$2.00
Western Energy Services Corp (TSE:WRG) had its price target cut by research analysts at Royal Bank Of Canada from C$2.50 to C$2.00 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 56.25% from the company’s previous close.
WRG has been the topic of several other reports. Canaccord Genuity dropped their target price on Western Energy Services Corp from C$1.80 to C$1.60 in a report on Friday, July 28th. Raymond James Financial, Inc. dropped their target price on 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. Finally, CIBC dropped their target price on Western Energy Services Corp from C$4.25 to C$3.25 in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$2.26.
Western Energy Services Corp (WRG) traded down 2.34% during midday trading on Wednesday, reaching $1.25. The company had a trading volume of 16,635 shares. The company has a 50-day moving average of $1.25 and a 200-day moving average of $1.69. Western Energy Services Corp has a 12-month low of $1.07 and a 12-month high of $3.52. The stock’s market capitalization is $92.25 million.
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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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