Western Energy Services (TSE:WRG) had its price objective upped by Royal Bank of Canada from C$1.25 to C$1.50 in a report published on Friday morning. They currently have a sector perform rating on the stock.
Several other research analysts have also recently commented on the company. GMP Securities cut their price target on Western Energy Services from C$1.50 to C$1.25 in a research note on Friday, October 27th. Raymond James Financial cut their price target on Western Energy Services from C$1.40 to C$1.20 and set a market perform rating on the stock in a research note on Wednesday, December 6th. Finally, CIBC cut their price target on Western Energy Services from C$2.75 to C$2.50 in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of C$1.97.
Western Energy Services (TSE WRG) opened at C$1.19 on Friday. Western Energy Services has a one year low of C$0.96 and a one year high of C$3.02. The company has a market capitalization of $109.69, a PE ratio of -2.38 and a beta of -0.23.
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About Western Energy Services
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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