Could Western Energy Services Corp Change Direction After Today’s Huge Decline?


The stock of Western Energy Services Corp (TSE:WRG) is a huge mover today! About 81,934 shares traded hands. Western Energy Services Corp (TSE:WRG) has declined 4.76% since February 5, 2016 and is downtrending. It has underperformed by 21.25% the S&P500.
The move comes after 6 months negative chart setup for the $197.38 million company. It was reported on Sep, 13 by We have $2.36 PT which if reached, will make TSE:WRG worth $23.69M less.

Out of 3 analysts covering Western Energy Services (TSE:WRG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Western Energy Services has been the topic of 11 analyst reports since October 15, 2015 according to StockzIntelligence Inc.

Western Energy Services Corp. is a Canada oilfield service company. The company has a market cap of $197.38 million. The Firm is focused on three core business lines: contract drilling, well servicing and oilfield rental equipment services. It currently has negative earnings. 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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