Western Energy Services (WRG) Price Target Lowered to C$1.20 at Raymond James Financial

Western Energy Services (TSE:WRG) had its target price cut by Raymond James Financial from C$1.40 to C$1.20 in a report released on Wednesday. They currently have a market perform rating on the stock.

A number of other research analysts also recently commented on WRG. Royal Bank Of Canada lowered their price objective on shares of Western Energy Services from C$2.50 to C$2.00 and set an outperform rating on the stock in a research report on Wednesday, October 18th. TD Securities lowered their price objective on shares of Western Energy Services from C$1.50 to C$1.40 and set a hold rating on the stock in a research report on Wednesday, October 18th. Canaccord Genuity set a C$1.50 price objective on shares of Western Energy Services and gave the company a hold rating in a research report on Monday, September 25th. Finally, GMP Securities lowered their price objective on shares of Western Energy Services from C$1.50 to C$1.25 in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of C$2.09.

Shares of Western Energy Services (TSE:WRG) traded down C$0.04 on Wednesday, reaching C$1.09. 162,427 shares of the company were exchanged, compared to its average volume of 161,668. Western Energy Services has a 52-week low of C$1.07 and a 52-week high of C$3.52.

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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 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.

Analyst Recommendations for Western Energy Services (TSE:WRG)

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