Western Energy Services Corp to Post FY2020 Earnings of ($0.21) Per Share, Raymond James Forecasts (WRG)
Western Energy Services Corp (TSE:WRG) – Equities research analysts at Raymond James issued their FY2020 earnings per share (EPS) estimates for Western Energy Services in a report released on Thursday, April 18th. Raymond James analyst A. Bradford forecasts that the company will earn ($0.21) per share for the year. Raymond James has a “Market Perform” rating and a $0.50 price target on the stock.
Western Energy Services (TSE:WRG) last issued its quarterly earnings results on Wednesday, February 13th. The company reported C($0.10) EPS for the quarter, missing analysts’ consensus estimates of C($0.09) by C($0.01). The firm had revenue of C$63.13 million during the quarter, compared to analysts’ expectations of C$58.63 million.
Shares of WRG remained flat at $C$0.35 during mid-day trading on Friday. The stock had a trading volume of 24,900 shares, compared to its average volume of 61,550. The company has a debt-to-equity ratio of 63.34, a quick ratio of 1.27 and a current ratio of 1.44. Western Energy Services has a 12-month low of C$0.28 and a 12-month high of C$1.21. The company has a market cap of $32.31 million and a PE ratio of -0.78.
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 includes drilling rig and related ancillary equipment services. The Production Services segment offers well servicing rig and related equipment services.
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