What’s Ahead for Western Energy Services Corp After Today’s Huge Decline?

 What's Ahead for Western Energy Services Corp After Today's Huge Decline?

The stock of Western Energy Services Corp (TSE:WRG) is a huge mover today! About 71,366 shares traded hands. Western Energy Services Corp (TSE:WRG) has declined 24.24% since March 10, 2016 and is downtrending. It has underperformed by 29.85% the S&P500.
The move comes after 5 months negative chart setup for the $173.64 million company. It was reported on Oct, 17 by Barchart.com. We have $2.06 PT which if reached, will make TSE:WRG worth $24.31 million less.

Western Energy Services Corp (TSE:WRG) Ratings Coverage

Out of 3 analysts covering Western Energy Services Corp. (TSE:WRG), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $7 is the highest target while $3.25 is the lowest. The $4.31 average target is 79.58% above today’s ($2.4) stock price. Western Energy Services Corp. has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, October 15 by Canaccord Genuity. The stock has “Market Perform” rating given by Raymond James on Tuesday, November 3.

Another recent and important Western Energy Services Corp (TSE:WRG) news was published by Marketwired.com which published an article titled: “Western Energy Services Corp. 2016 Third Quarter Financial and Operating …” on October 11, 2016.

Western Energy Services Corp. is a Canada oilfield service company. The company has a market cap of $173.64 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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