What Next for Western Energy Services Corp Stock After Today’s Huge Increase?

 What Next for Western Energy Services Corp Stock After Today's Huge Increase?

The stock of Western Energy Services Corp (TSE:WRG) is a huge mover today! About 135,430 shares traded hands. Western Energy Services Corp (TSE:WRG) has declined 23.88% since April 15, 2016 and is downtrending. It has underperformed by 27.74% the S&P500.
The move comes after 7 months positive chart setup for the $162.53M company. It was reported on Nov, 21 by Barchart.com. We have $5.21 PT which if reached, will make TSE:WRG worth $227.54 million more.

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 79.72% above today’s ($2.17) stock price. Western Energy Services Corp. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Tuesday, November 3, the company rating was upgraded by Raymond James. The stock of Western Energy Services Corp (TSE:WRG) has “Underperform” rating given on Thursday, October 27 by Scotia Capital. The firm earned “Hold” rating on Thursday, October 15 by Canaccord Genuity.

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 $162.53 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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