Western Energy Services (TSE:WRG) had its price target cut by Canaccord Genuity from C$0.25 to C$0.20 in a research report released on Friday, BayStreet.CA reports.

Separately, Raymond James cut their price target on shares of Western Energy Services from C$0.50 to C$0.25 and set a market perform rating on the stock in a report on Thursday, July 25th.

Shares of TSE:WRG opened at C$0.24 on Friday. The company has a market capitalization of $18.00 million and a price-to-earnings ratio of -0.59. Western Energy Services has a 52 week low of C$0.16 and a 52 week high of C$0.95. The company has a quick ratio of 0.98, a current ratio of 1.17 and a debt-to-equity ratio of 68.83. The firm has a 50 day moving average of C$0.21 and a 200 day moving average of C$0.29.

Western Energy Services (TSE:WRG) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C($0.11) EPS for the quarter, topping analysts’ consensus estimates of C($0.15) by C$0.04. The business had revenue of C$37.73 million during the quarter, compared to the consensus estimate of C$32.87 million. On average, sell-side analysts expect that Western Energy Services will post -0.348718 EPS for the current year.

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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