Is Western Energy Services Corp a Sell? The Stock Declines Again

 Is Western Energy Services Corp a Sell? The Stock Declines Again

The stock of Western Energy Services Corp (TSE:WRG) is a huge mover today! About 24,025 shares traded hands. Western Energy Services Corp (TSE:WRG) has declined 12.13% since April 1, 2016 and is downtrending. It has underperformed by 14.09% the S&P500.
The move comes after 9 months negative chart setup for the $156.42M company. It was reported on Nov, 8 by Barchart.com. We have $1.87 PT which if reached, will make TSE:WRG worth $15.64 million less.

Western Energy Services Corp (TSE:WRG) Ratings Coverage

Out of 3 analysts covering Western Energy Services Corp. (TSE:WRG), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $7 is the highest target while $2.25 is the lowest. The $3.90 average target is 87.50% above today’s ($2.08) stock price. Western Energy Services Corp. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, November 3 the stock rating was upgraded by Raymond James to “Market Perform”. The stock of Western Energy Services Corp (TSE:WRG) has “Hold” rating given on Thursday, October 15 by Canaccord Genuity. As per Thursday, October 27, the company rating was maintained by Scotia Capital.

Western Energy Services Corp. is a Canada oilfield service company. The company has a market cap of $156.42 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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