Atb Cap Markets Issues Positive Outlook for TSE:WRG Earnings

Western Energy Services Corp. (TSE:WRG) – Equities researchers at Atb Cap Markets lifted their Q1 2025 earnings estimates for Western Energy Services in a report released on Thursday, February 27th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $0.10 for the quarter, up from their previous forecast of $0.09. Atb Cap Markets has a “Hold” rating on the stock. The consensus estimate for Western Energy Services’ current full-year earnings is $0.15 per share. Atb Cap Markets also issued estimates for Western Energy Services’ Q1 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS, Q1 2026 earnings at $0.14 EPS, Q1 2026 earnings at $0.14 EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.01) EPS, Q3 2026 earnings at ($0.01) EPS and Q4 2026 earnings at $0.05 EPS.

Separately, ATB Capital set a C$3.25 price target on Western Energy Services and gave the stock a “sector perform” rating in a research note on Wednesday, January 15th.

Western Energy Services Trading Up 2.6 %

Shares of TSE:WRG opened at C$2.41 on Friday. The business’s 50-day moving average is C$2.61 and its 200 day moving average is C$2.72. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46. Western Energy Services has a 1 year low of C$2.35 and a 1 year high of C$3.31. The firm has a market capitalization of C$81.55 million, a P/E ratio of -11.48, a P/E/G ratio of 0.09 and a beta of 1.49.

Insider Buying and Selling

In other Western Energy Services news, insider Sime Armoyan purchased 13,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of C$2.35 per share, for a total transaction of C$30,785.00. Insiders bought 78,600 shares of company stock worth $191,911 in the last 90 days. Insiders own 32.65% of the company’s stock.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.