Western Energy Services (OTCMKTS:WEEEF) Price Target Raised to $0.35

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Western Energy Services (OTCMKTS:WEEEF) had its price target boosted by Raymond James from $0.10 to $0.35 in a research note issued on Tuesday, The Fly reports. The firm presently has an “underperform” rating on the stock. Raymond James’ price target indicates a potential upside of 2.04% from the company’s previous close.

Shares of OTCMKTS:WEEEF opened at $0.34 on Tuesday. The company’s 50 day moving average price is $0.27 and its two-hundred day moving average price is $0.21. Western Energy Services has a 12-month low of $0.13 and a 12-month high of $0.34. The firm has a market cap of $31.27 million, a PE ratio of -0.49 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.87.

Western Energy Services (OTCMKTS:WEEEF) last announced its earnings results on Monday, October 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. Western Energy Services had a negative return on equity of 16.28% and a negative net margin of 56.14%. The business had revenue of $10.09 million for the quarter.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment to contracts with exploration and production companies.

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