Western Energy Services (TSE:WRG) Raised to Hold at Atb Cap Markets

Western Energy Services (TSE:WRG) was upgraded by research analysts at Atb Cap Markets to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports. Atb Cap Markets also issued estimates for Western Energy Services’ Q4 2024 earnings at $0.03 EPS, FY2024 earnings at ($0.11) EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS and FY2027 earnings at $0.09 EPS.

Separately, ATB Capital set a C$3.25 target price on shares of Western Energy Services and gave the company a “sector perform” rating in a research report on Wednesday.

Western Energy Services Trading Down 3.2 %

Shares of TSE WRG opened at C$2.68 on Wednesday. Western Energy Services has a 12-month low of C$2.43 and a 12-month high of C$3.31. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The stock’s 50 day simple moving average is C$2.66 and its 200 day simple moving average is C$2.79. The company has a market cap of C$90.69 million, a price-to-earnings ratio of -12.76, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49.

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.