Western Energy Services Corp (TSE:WRG) had its price objective decreased by investment analysts at CIBC from C$4.25 to C$3.25 in a research note issued on Thursday, July 20th. CIBC’s price objective indicates a potential upside of 155.91% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Raymond James Financial, Inc. raised shares of Western Energy Services Corp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$2.60 to C$2.65 in a research note on Thursday, April 27th. Scotiabank raised shares of Western Energy Services Corp from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$3.00 to C$4.00 in a research note on Thursday, April 27th. Royal Bank Of Canada reduced their price objective on shares of Western Energy Services Corp from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a research note on Friday, April 28th. Finally, Canaccord Genuity reduced their price objective on shares of Western Energy Services Corp from C$2.50 to C$1.80 in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$2.92.
Western Energy Services Corp (WRG) traded down 0.79% during midday trading on Thursday, reaching $1.26. The company had a trading volume of 1,619,374 shares. The company’s market capitalization is $92.99 million. The stock’s 50 day moving average is $1.49 and its 200 day moving average is $2.12. Western Energy Services Corp has a one year low of $1.23 and a one year high of $3.52.
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Western Energy Services Corp Company Profile
Western Energy Services Corp. is a Canada-based oilfield service company. The Company is focused on three core business lines: contract drilling, well servicing and oilfield rental equipment services. It operates in the oilfield service industry through its contract drilling segment in Canada and the United States, and through its production services segment in Canada.
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