Western Energy Services Corp (TSE:WRG) fell 4.1% during mid-day trading on Thursday . The company traded as low as C$1.18 and last traded at C$1.26. 339,132 shares were traded during trading, an increase of 95% from the average session volume of 174,306 shares. The stock had previously closed at C$1.21.
A number of research firms have issued reports on WRG. Royal Bank of Canada downgraded Western Energy Services from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$2.00 to C$1.25 in a research report on Thursday, December 21st. TD Securities lowered their price target on 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 price target on Western Energy Services and gave the company a “hold” rating in a research report on Monday, September 25th. Raymond James Financial lowered their price target on 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 lowered their price target on Western Energy Services from C$1.50 to C$1.25 in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$1.98.
The firm has a market capitalization of $111.53, a P/E ratio of -1.97 and a beta of -0.22.
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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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