Western Energy Services (CVE:WRG) had its price target cut by RBC Capital from C$11.00 to C$10.00 in a research note issued to investors on Friday, ARN reports. The firm currently has an outperform rating on the stock.
RBC Capital has also modified their ratings on a number of other stocks in the few days. The firm reiterated its sector perform rating on shares of Tim Hortons. They have a $66.00 price target on that stock. Also, RBC Capital raised its price target on shares of Mercer International from $7.00 to $8.00. They have a sector perform rating on that stock. Finally, RBC Capital raised its price target on shares of Martin Midstream Partners L.P. from $44.00 to $48.00. They have a sector perform rating on that stock.
Western Energy Services (CVE:WRG) opened at 7.62 on Friday. Western Energy Services has a 52 week low of $6.40 and a 52 week high of $8.86. The stock has a 50-day moving average of $8.04 and a 200-day moving average of $7.75. The company has a P/E ratio of 15.27.
A number of other firms have also recently commented on WRG. Analysts at TD Securities cut their price target on shares of Western Energy Services from C$10.00 to C$9.50 in a research note to investors on Friday. They now have a buy rating on the stock. Separately, analysts at Scotiabank initiated coverage on shares of Western Energy Services in a research note to investors on Thursday, October 31st. They set an outperform rating and a C$11.00 price target on the stock. Finally, analysts at Clarus Securities initiated coverage on shares of Western Energy Services in a research note to investors on Tuesday, October 15th. They set a buy rating on the stock. Seven research analysts have rated the stock with a buy rating, Western Energy Services has a consensus rating of Buy and a consensus price target of C$9.67.
Western Energy Services Corp is an oilfield service company which provides contract drilling services through its wholly owned subsidiaries Horizon Drilling Inc in Canada and Stoneham Drilling Corporation in the United States.
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