Shares of Western Energy Services Corp (TSE:WRG) were down 0% during mid-day trading on Monday . The stock traded as low as C$1.09 and last traded at C$1.09. Approximately 148,660 shares were traded during trading, a decline of 8% from the average daily volume of 161,463 shares. The stock had previously closed at C$1.09.

Several analysts have recently issued reports on WRG shares. Raymond James Financial decreased their target price on shares of Western Energy Services from C$1.85 to C$1.40 and set a “market perform” rating on the stock in a research report on Tuesday, August 22nd. Canaccord Genuity set a C$1.50 target price on shares of Western Energy Services and gave the company a “hold” rating in a research report on Monday, September 25th. GMP Securities decreased their target price on shares of Western Energy Services from C$1.50 to C$1.25 in a research report on Friday, October 27th. TD Securities decreased their target price on shares of Western Energy Services from C$1.50 to C$1.40 and set a “hold” rating on the stock in a research report on Wednesday, October 18th. Finally, Royal Bank of Canada decreased their target price on shares of Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$2.09.

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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 provides contract drilling services. It operates a fleet of 56 drilling rigs and associated equipment, including 51 in Canada and 5 in the United States.

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