Brokerages Set Western Energy Services Corp (WRG) PT at $2.71

Shares of Western Energy Services Corp (TSE:WRG) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$2.71.

Several analysts recently issued reports on WRG shares. Canaccord Genuity reduced their price target on shares of Western Energy Services Corp from C$1.80 to C$1.60 in a research report on Friday, July 28th. CIBC reduced their price target on shares of Western Energy Services Corp from C$4.25 to C$3.25 in a research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. reduced their price target on shares of Western Energy Services Corp from C$1.85 to C$1.40 and set a “market perform” rating for the company in a research report on Tuesday, August 22nd.

Western Energy Services Corp (TSE:WRG) traded up 2.75% on Friday, hitting $1.12. 139,899 shares of the stock traded hands. The stock has a 50-day moving average price of $1.27 and a 200 day moving average price of $1.89. Western Energy Services Corp has a 1-year low of $1.07 and a 1-year high of $3.52. The company’s market cap is $82.65 million.

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Western Energy Services Corp 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.

Analyst Recommendations for Western Energy Services Corp (TSE:WRG)

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