TD Securities Trims Western Energy Services Corp (WRG) Target Price to C$1.40
Western Energy Services Corp (TSE:WRG) had its price objective cut by TD Securities from C$1.50 to C$1.40 in a research report report published on Wednesday. They currently have a hold rating on the stock.
A number of other brokerages have also issued reports on WRG. CIBC cut their price target on shares of Western Energy Services Corp from C$4.25 to C$3.25 in a report on Thursday, July 20th. Royal Bank Of Canada cut their price target on shares of Western Energy Services Corp from C$2.50 to C$2.00 and set an outperform rating on the stock in a report on Wednesday. Raymond James Financial, Inc. cut their price target on shares of Western Energy Services Corp from C$1.85 to C$1.40 and set a market perform rating on the stock in a report on Tuesday, August 22nd. Finally, Canaccord Genuity cut their price target on shares of Western Energy Services Corp from C$2.50 to C$1.80 in a report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of C$2.26.
Western Energy Services Corp (WRG) opened at 1.24 on Wednesday. The company has a 50-day moving average of $1.25 and a 200 day moving average of $1.66. Western Energy Services Corp has a 12-month low of $1.07 and a 12-month high of $3.52. The firm’s market cap is $91.51 million.
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About Western Energy Services Corp
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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