Western Energy Services (TSE:WRG) Given Hold Rating at CIBC

CIBC reissued their hold rating on shares of Western Energy Services (TSE:WRG) in a research report released on Monday, February 4th. The brokerage currently has a C$0.75 price target on the stock.

A number of other equities analysts also recently issued reports on WRG. Canaccord Genuity dropped their price target on Western Energy Services from C$1.00 to C$0.90 in a research report on Tuesday, October 16th. Cormark reissued a buy rating and set a C$0.90 price target on shares of Western Energy Services in a research report on Friday, November 16th. Raymond James reissued a market perform rating and set a C$0.50 price target on shares of Western Energy Services in a research report on Thursday, January 24th. Finally, AltaCorp Capital downgraded Western Energy Services from an outperform rating to a sector perform rating in a research report on Monday, January 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of C$0.72.

Western Energy Services stock traded up C$0.02 during mid-day trading on Monday, hitting C$0.39. The company’s stock had a trading volume of 86,500 shares, compared to its average volume of 51,790. Western Energy Services has a one year low of C$0.34 and a one year high of C$1.25. The company has a quick ratio of 1.27, a current ratio of 1.44 and a debt-to-equity ratio of 63.34. The company has a market capitalization of $35.08 million and a PE ratio of -0.87.

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 operates drilling rigs and related ancillary equipment. It operates a fleet of 56 drilling rigs, including 50 in Canada and 6 in the United States.

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Analyst Recommendations for Western Energy Services (TSE:WRG)

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