Western Energy Services Corp (WRG) Director Buys C$858,000.00 in Stock

Western Energy Services Corp (TSE:WRG) Director Ronald Mathison acquired 650,000 shares of the stock in a transaction dated Wednesday, January 17th. The stock was purchased at an average cost of C$1.32 per share, with a total value of C$858,000.00.

Ronald Mathison also recently made the following trade(s):

  • On Friday, January 12th, Ronald Mathison acquired 2,508,800 shares of Western Energy Services stock. The stock was purchased at an average cost of C$1.32 per share, with a total value of C$3,311,616.00.

Western Energy Services Corp (TSE:WRG) traded down C$0.02 during trading hours on Friday, reaching C$1.32. 241,480 shares of the company’s stock were exchanged, compared to its average volume of 677,523. The firm has a market cap of $118.91, a P/E ratio of -2.06 and a beta of -0.21. Western Energy Services Corp has a twelve month low of C$0.96 and a twelve month high of C$3.47.

Western Energy Services (TSE:WRG) last announced its quarterly earnings data on Wednesday, October 25th. The company reported C($0.16) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.01). Western Energy Services had a negative return on equity of 12.39% and a negative net margin of 21.20%.

Several research firms have recently issued reports on WRG. Royal Bank of Canada lowered their price objective on Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. TD Securities decreased their target price on shares of Western Energy Services from C$1.50 to C$1.40 and set a “hold” rating for the company in a research report on Wednesday, October 18th. Canaccord Genuity set a C$1.50 target price on shares of Western Energy Services and gave the company a “hold” rating in a research report on Monday, September 25th. Raymond James Financial decreased their target price on shares of Western Energy Services from C$1.40 to C$1.20 and set a “market perform” rating for the company in a research report on Wednesday, December 6th. Finally, GMP Securities decreased their target price on shares of Western Energy Services from C$1.50 to C$1.25 in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$1.98.

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Western Energy Services 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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