Western Energy Services (WRG) PT Lowered to C$1.20
Western Energy Services (TSE:WRG) had its price objective decreased by analysts at Raymond James Financial from C$1.40 to C$1.20 in a report issued on Wednesday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 6.19% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Royal Bank Of Canada decreased their target price on Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. TD Securities reduced their price target on Western Energy Services from C$1.50 to C$1.40 and set a “hold” rating on the stock in a research report on Wednesday, October 18th. GMP Securities reduced their price target on Western Energy Services from C$1.50 to C$1.25 in a research report on Friday, October 27th. Finally, Canaccord Genuity set a C$1.50 price target on Western Energy Services and gave the stock a “hold” rating in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Western Energy Services has an average rating of “Buy” and a consensus target price of C$2.09.
Shares of Western Energy Services (TSE:WRG) traded down C$0.03 during trading hours on Wednesday, hitting C$1.13. The stock had a trading volume of 26,707 shares, compared to its average volume of 161,665. Western Energy Services has a 1-year low of C$1.07 and a 1-year high of C$3.52.
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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