Western Energy Services (TSE:WRG – Get Free Report) had its price objective dropped by equities researchers at Stifel Nicolaus from C$3.00 to C$2.75 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential downside of 1.79% from the company’s previous close.
Western Energy Services Price Performance
Shares of TSE WRG opened at C$2.80 on Thursday. The firm has a market cap of C$94.75 million, a PE ratio of -14.00, a PEG ratio of 0.09 and a beta of 1.59. The firm has a fifty day moving average of C$2.71 and a 200 day moving average of C$2.90. The company has a debt-to-equity ratio of 38.97, a quick ratio of 1.46 and a current ratio of 1.66. Western Energy Services has a one year low of C$2.22 and a one year high of C$3.95.
Western Energy Services (TSE:WRG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$56.26 million during the quarter, compared to analysts’ expectations of C$55.00 million. Western Energy Services had a negative return on equity of 2.30% and a negative net margin of 3.09%. As a group, research analysts predict that Western Energy Services will post 0.1499094 EPS for the current fiscal year.
Insider Buying and Selling
About Western Energy Services
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.
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