Western Energy Services (TSE:WRG) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Posted by Renee Jackson on Feb 8th, 2026

Western Energy Services Corp. (TSE:WRG – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.15 and traded as high as C$2.46. Western Energy Services shares last traded at C$2.46, with a volume of 7,754 shares trading hands.

Analyst Ratings Changes

Separately, ATB Capital decreased their target price on shares of Western Energy Services from C$2.75 to C$2.50 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$2.50.

Check Out Our Latest Stock Analysis on WRG

Western Energy Services Stock Up 0.4%

The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46. The stock has a market capitalization of C$83.25 million, a PE ratio of -12.95, a PEG ratio of 0.09 and a beta of 0.52. The company has a 50 day moving average price of C$2.15 and a 200-day moving average price of C$2.11.

Western Energy Services (TSE:WRG – Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The company reported C($0.07) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. The company had revenue of C$50.04 million during the quarter. As a group, analysts forecast that Western Energy Services Corp. will post 0.1499094 earnings per share for the current fiscal year.

About Western Energy Services

(Get Free Report)

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment.