The stock of Western Energy Services Corp (TSE:WRG) is a huge mover today! About 17,301 shares traded hands. Western Energy Services Corp (TSE:WRG) has declined 20.63% since April 19, 2016 and is downtrending. It has underperformed by 25.96% the S&P500.
The move comes after 9 months negative chart setup for the $165.99 million company. It was reported on Nov, 23 by Barchart.com. We have $2.01 PT which if reached, will make TSE:WRG worth $13.28M 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 78.90% above today’s ($2.18) stock price. Western Energy Services Corp. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Western Energy Services Corp (TSE:WRG) rating on Thursday, October 27. Scotia Capital has “Underperform” rating and $2.25 price target. The stock has “Hold” rating given by Canaccord Genuity on Thursday, October 15. On Tuesday, November 3 the stock rating was upgraded by Raymond James to “Market Perform”.
Western Energy Services Corp. is a Canada oilfield service company. The company has a market cap of $165.99 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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