Western Energy Services Corp. (WRG) Shares Up -3.4%

Western Energy Services Corp. (TSE:WRG) shot up 3.4% during mid-day trading on Wednesday . The stock traded as high as C$1.18 and last traded at C$1.14. 55,610 shares traded hands during trading, a decline of 66% from the average session volume of 162,651 shares. The stock had previously closed at C$1.18.

A number of research analysts recently weighed in on the stock. Canaccord Genuity set a C$1.50 price objective on shares of Western Energy Services Corp. and gave the company a “hold” rating in a research note on Monday, September 25th. Raymond James Financial, Inc. reduced their price objective on shares of Western Energy Services Corp. from C$1.85 to C$1.40 and set a “market perform” rating for the company in a research note on Tuesday, August 22nd. TD Securities reduced their price objective on shares of Western Energy Services Corp. from C$1.50 to C$1.40 and set a “hold” rating for the company in a research note on Wednesday, October 18th. GMP Securities reduced their price objective on shares of Western Energy Services Corp. from C$1.50 to C$1.25 in a research note on Friday, October 27th. Finally, Royal Bank Of Canada reduced their price objective on shares of Western Energy Services Corp. from C$2.50 to C$2.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$2.11.

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Western Energy Services Corp. 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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