A number of other equities research analysts have also weighed in on WRG. Cormark lowered their target price on shares of Western Energy Services from C$1.35 to C$1.10 in a report on Friday, July 27th. TD Securities lowered their target price on shares of Western Energy Services from C$1.20 to C$1.10 and set a hold rating on the stock in a report on Thursday, July 26th. Royal Bank of Canada lowered their target price on shares of Western Energy Services from C$1.50 to C$1.25 and set a sector perform rating on the stock in a report on Friday, July 27th. Finally, CIBC lowered shares of Western Energy Services from an outperform rating to a neutral rating and lowered their target price for the stock from C$2.00 to C$1.15 in a report on Tuesday, October 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Western Energy Services has an average rating of Buy and an average target price of C$1.04.
WRG opened at C$0.53 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.63 and a debt-to-equity ratio of 62.65. Western Energy Services has a fifty-two week low of C$0.46 and a fifty-two week high of C$1.43.
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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