Western Energy Services (WRG) Trading -0.8% Higher

Western Energy Services Corp (TSE:WRG) shares traded up 0.8% during trading on Thursday . The company traded as high as C$1.27 and last traded at C$1.25. 1,461,092 shares changed hands during mid-day trading, an increase of 262% from the average session volume of 404,041 shares. The stock had previously closed at C$1.26.

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target 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 dropped 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 note 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 note on Monday, September 25th. Raymond James Financial dropped 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 note on Wednesday, December 6th. Finally, GMP Securities lowered their target price on Western Energy Services from C$1.50 to C$1.25 in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$1.98.

The company has a market cap of $115.22, a PE ratio of -2.13 and a beta of -0.21.

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About Western Energy Services

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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