Canaccord Genuity Lowers Western Energy Services (WRG) Price Target to C$0.40
Western Energy Services (TSE:WRG) had its price objective dropped by stock analysts at Canaccord Genuity from C$0.50 to C$0.40 in a research note issued to investors on Wednesday. Canaccord Genuity’s price objective indicates a potential upside of 12.68% from the stock’s current price.
A number of other brokerages have also weighed in on WRG. CIBC restated a “hold” rating and set a C$0.75 price objective on shares of Western Energy Services in a research report on Monday, February 4th. TD Securities dropped their price target on Western Energy Services from C$0.60 to C$0.55 in a research report on Thursday, February 14th. Cormark dropped their price target on Western Energy Services from C$0.90 to C$0.75 in a research report on Monday, February 4th. AltaCorp Capital lowered Western Energy Services from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 28th. Finally, Raymond James reiterated a “market perform” rating and issued a C$0.50 price target on shares of Western Energy Services in a research report on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$0.70.
Shares of Western Energy Services stock opened at C$0.36 on Wednesday. The stock has a market cap of $34.15 million and a PE ratio of -0.79. The company has a quick ratio of 1.27, a current ratio of 1.44 and a debt-to-equity ratio of 63.34. Western Energy Services has a twelve month low of C$0.34 and a twelve month high of C$1.21.
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 includes drilling rig and related ancillary equipment services. The Production Services segment offers well servicing rig and related equipment services.
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