Shares of Western Energy Services Corp. (TSE:WRG) were up 5.3% on Thursday . The stock traded as high as C$1.19 and last traded at C$1.19. Approximately 106,530 shares traded hands during trading, a decline of 34% from the average daily volume of 161,863 shares. The stock had previously closed at C$1.13.
Several analysts have weighed in on WRG shares. Raymond James Financial dropped their price target on Western Energy Services from C$1.85 to C$1.40 and set a “market perform” rating on the stock in a research note on Tuesday, August 22nd. Canaccord Genuity set a C$1.50 price target on Western Energy Services and gave the company a “hold” rating in a research note on Monday, September 25th. GMP Securities dropped their price target on Western Energy Services from C$1.50 to C$1.25 in a research note on Friday, October 27th. TD Securities dropped their price target on Western Energy Services from C$1.50 to C$1.40 and set a “hold” rating on the stock in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada dropped their price target on Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$2.11.
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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 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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