A number of other equities analysts also recently commented on WRG. CIBC cut their price objective on Western Energy Services from C$2.50 to C$2.00 in a report on Friday, July 20th. TD Securities cut their price objective on Western Energy Services from C$1.20 to C$1.10 and set a hold rating on the stock in a report on Thursday, July 26th. Cormark cut their price objective on Western Energy Services from C$1.35 to C$1.10 in a report on Friday, July 27th. Finally, Royal Bank of Canada cut their price objective on Western Energy Services from C$1.50 to C$1.25 and set a sector perform rating on the stock in a report on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of C$1.15.
Shares of TSE:WRG opened at C$0.76 on Tuesday. Western Energy Services has a 12-month low of C$0.69 and a 12-month high of C$1.43.
In other news, Director Ronald Mathison acquired 1,074,500 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were bought at an average cost of C$0.90 per share, for a total transaction of C$967,050.00.
About Western Energy Services
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 operates drilling rigs and related ancillary equipment. It operates a fleet of 56 drilling rigs, including 50 in Canada and 6 in the United States.
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