Western Energy Services (TSE:WRG) Upgraded to “Hold” at Atb Cap Markets

Atb Cap Markets upgraded shares of Western Energy Services (TSE:WRG) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports. Atb Cap Markets also issued estimates for Western Energy Services’ Q4 2024 earnings at $0.03 EPS, FY2024 earnings at ($0.11) EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS and FY2027 earnings at $0.09 EPS.

Separately, ATB Capital set a C$3.25 target price on shares of Western Energy Services and gave the stock a “sector perform” rating in a research report on Wednesday.

Western Energy Services Stock Down 3.2 %

WRG stock opened at C$2.68 on Wednesday. The stock has a fifty day moving average of C$2.66 and a 200-day moving average of C$2.79. Western Energy Services has a fifty-two week low of C$2.43 and a fifty-two week high of C$3.31. The company has a market capitalization of C$90.69 million, a price-to-earnings ratio of -12.76, a PEG ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Western Energy Services Company Profile

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.