Western Energy Services (TSE:WRG) had its price objective cut by equities researchers at Raymond James Financial from C$1.40 to C$1.20 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 6.19% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Royal Bank Of Canada lowered their price objective on shares of Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. TD Securities lowered their price objective on shares of Western Energy Services 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 lowered their price objective on shares of Western Energy Services from C$1.50 to C$1.25 in a research note on Friday, October 27th. Finally, Canaccord Genuity set a C$1.50 price objective on shares of Western Energy Services and gave the company a “hold” rating in a research note on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Western Energy Services currently has an average rating of “Buy” and an average target price of C$2.09.
Shares of Western Energy Services (TSE:WRG) traded down C$0.03 on Wednesday, reaching C$1.13. The company’s stock had a trading volume of 26,707 shares, compared to its average volume of 161,665. Western Energy Services has a 52 week low of C$1.07 and a 52 week high of C$3.52.
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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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