Western Energy Services Corp (TSE:WRG) had its price target cut by equities researchers at GMP Securities from C$1.50 to C$1.25 in a note issued to investors on Friday. GMP Securities’ target price indicates a potential upside of 12.61% from the stock’s previous close.

Several other brokerages also recently issued reports on WRG. CIBC reduced their price objective on shares of Western Energy Services Corp from C$4.25 to C$3.25 in a research note on Thursday, July 20th. Royal Bank Of Canada reduced their price objective on shares of Western Energy Services Corp from C$2.50 to C$2.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. TD Securities reduced their price objective on shares of Western Energy Services Corp from C$1.50 to C$1.40 and set a “hold” rating on the stock in a research note on Wednesday, October 18th. Raymond James Financial, Inc. reduced their price objective 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 research note on Tuesday, August 22nd. Finally, Canaccord Genuity reduced their price objective on shares of Western Energy Services Corp from C$2.50 to C$1.80 in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Western Energy Services Corp currently has a consensus rating of “Buy” and an average price target of C$2.11.

Shares of Western Energy Services Corp (WRG) traded up 6.31% during mid-day trading on Friday, hitting $1.18. 83,880 shares of the stock were exchanged. Western Energy Services Corp has a one year low of $1.07 and a one year high of $3.52. The company has a 50-day moving average of $1.26 and a 200 day moving average of $1.63. The stock’s market cap is $87.08 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.

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

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