Western Energy Services (TSE:WRG – Free Report) had its price target lowered by Stifel Nicolaus from C$3.00 to C$2.75 in a report released on Thursday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Western Energy Services Price Performance
WRG stock opened at C$2.80 on Thursday. The stock has a market capitalization of C$94.75 million, a PE ratio of -14.00, a price-to-earnings-growth ratio of 0.09 and a beta of 1.59. The company’s 50-day moving average is C$2.71 and its 200-day moving average is C$2.90. The company has a debt-to-equity ratio of 38.97, a current ratio of 1.66 and a quick ratio of 1.46. Western Energy Services has a 1 year low of C$2.22 and a 1 year high of C$3.95.
Western Energy Services (TSE:WRG – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C($0.06) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.09% and a negative return on equity of 2.30%. The business had revenue of C$56.26 million during the quarter, compared to the consensus estimate of C$55.00 million. Equities research analysts expect that Western Energy Services will post 0.1499094 EPS for the current fiscal year.
Insider Activity at Western Energy Services
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.
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