Canaccord Genuity Lowers Western Energy Services (TSE:WRG) Price Target to C$0.25

Western Energy Services (TSE:WRG) had its price objective decreased by Canaccord Genuity from C$0.35 to C$0.25 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity’s price objective points to a potential upside of 13.64% from the stock’s previous close.

TSE:WRG traded down C$0.01 during trading hours on Tuesday, reaching C$0.22. 83,328 shares of the company were exchanged, compared to its average volume of 60,889. The company has a debt-to-equity ratio of 70.77, a quick ratio of 1.61 and a current ratio of 1.82. The stock has a 50-day moving average of C$0.25. The firm has a market cap of $21.23 million and a price-to-earnings ratio of -0.43. Western Energy Services has a twelve month low of C$0.20 and a twelve month high of C$1.08.

Western Energy Services (TSE:WRG) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.07) by C($0.01). The business had revenue of C$65.78 million for the quarter, compared to the consensus estimate of C$64.93 million. As a group, research analysts anticipate that Western Energy Services will post -0.28 EPS for the current fiscal year.

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 includes drilling rig and related ancillary equipment services. The Production Services segment offers well servicing rig and related equipment services.

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Analyst Recommendations for Western Energy Services (TSE:WRG)

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