Could Western Energy Services Corp Lose Strenght? The Stock Increases A Lot Today

 Could Western Energy Services Corp Lose Strenght? The Stock Increases A Lot Today

The stock of Western Energy Services Corp (TSE:WRG) is a huge mover today! About 168,431 shares traded hands. Western Energy Services Corp (TSE:WRG) has declined 19.01% since April 27, 2016 and is downtrending. It has underperformed by 24.94% the S&P500.
The move comes after 9 months positive chart setup for the $199.78 million company. It was reported on Dec, 1 by We have $2.58 PT which if reached, will make TSE:WRG worth $9.99M 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 58.54% above today’s ($2.46) stock price. Western Energy Services Corp. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Canaccord Genuity to “Hold” on Thursday, October 15. The firm has “Market Perform” rating given on Tuesday, November 3 by Raymond James. Scotia Capital maintained the shares of WRG in a report on Thursday, October 27 with “Underperform” rating.

Western Energy Services Corp. is a Canada oilfield service company. The company has a market cap of $199.78 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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