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.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity reduced their target price on Western Energy Services from C$0.55 to C$0.50 in a report on Thursday, January 10th. AltaCorp Capital cut Western Energy Services from an “outperform” rating to a “sector perform” rating in a report on Monday, January 28th. CIBC restated a “hold” rating and set a C$0.75 target price on shares of Western Energy Services in a report on Monday, February 4th. Cormark reduced their target price on Western Energy Services from C$0.90 to C$0.75 in a report on Monday, February 4th. Finally, TD Securities reduced their target price on Western Energy Services from C$0.60 to C$0.55 in a report on Thursday, February 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$0.70.

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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