Western Energy Services Corp (WRG) Received C$3.66 Consensus Target Price from Analysts

Western Energy Services Corp (WRG) Received C$3.66 Consensus Target Price from Analysts

Western Energy Services Corp (TSE:WRG) has received an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.66.

WRG has been the subject of several research reports. Canaccord Genuity decreased their price target on shares of Western Energy Services Corp from C$3.50 to C$3.25 and set a “hold” rating for the company in a report on Friday, February 24th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$3.70 target price on shares of Western Energy Services Corp in a research note on Thursday, February 23rd. Royal Bank of Canada reduced their target price on shares of Western Energy Services Corp from C$4.00 to C$3.50 and set an “outperform” rating for the company in a research note on Friday, April 28th. Finally, Scotiabank upgraded shares of Western Energy Services Corp from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$3.00 to C$4.00 in a research note on Thursday, April 27th.

Western Energy Services Corp (TSE:WRG) traded down 1.39% during midday trading on Tuesday, hitting $2.13. 49,366 shares of the stock traded hands. The company has a 50-day moving average price of $2.08 and a 200-day moving average price of $2.58. Western Energy Services Corp has a 1-year low of $1.90 and a 1-year high of $3.71. The firm’s market cap is $157.19 million.

About Western Energy Services Corp

Western Energy Services Corp. is a Canada-based oilfield service company. The Company is focused on three core business lines: contract drilling, well servicing and oilfield rental equipment services. It operates in the oilfield service industry through its contract drilling segment in Canada and the United States, and through its production services segment in Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:WRG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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