Western Energy Services Corp (TSE:WRG) shares rose 6.2% on Wednesday . The stock traded as high as C$1.20 and last traded at C$1.19. Approximately 136,140 shares traded hands during trading, an increase of 3% from the average daily volume of 131,837 shares. The stock had previously closed at C$1.12.
WRG has been the subject of several recent research reports. Canaccord Genuity reduced their price target on Western Energy Services Corp from C$2.50 to C$1.80 in a research report on Tuesday, July 11th. CIBC reduced their price target on Western Energy Services Corp from C$4.25 to C$3.25 in a research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. reduced their price target on Western Energy Services Corp from C$1.85 to C$1.40 and set a “market perform” rating for the company in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$2.71.
The firm’s 50-day moving average is $1.25 and its 200 day moving average is $1.87. The company’s market capitalization is $90.77 million.
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Western Energy Services Corp 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. It operates a fleet of 56 drilling rigs and associated equipment, including 51 in Canada and 5 in the United States.
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