Western Energy Services Corp. (WRG) Shares Down 1.7%

Shares of Western Energy Services Corp. (TSE:WRG) were down 1.7% on Tuesday . The stock traded as low as C$1.15 and last traded at C$1.18. Approximately 107,100 shares were traded during trading, a decline of 34% from the average daily volume of 163,131 shares. The stock had previously closed at C$1.20.

Several analysts have weighed in on WRG shares. Royal Bank Of Canada dropped their price target on 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. GMP Securities dropped their price target on Western Energy Services Corp. from C$1.50 to C$1.25 in a research note on Friday, October 27th. TD Securities dropped their price target on 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. dropped their price target on 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 dropped their price target on Western Energy Services Corp. from C$1.80 to C$1.60 in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$2.11.

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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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