Western Energy Services (TSE:WRG) PT Set at C$3.25 by ATB Capital

Western Energy Services (TSE:WRG) has been assigned a C$3.25 target price by analysts at ATB Capital in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s target price points to a potential upside of 17.33% from the stock’s previous close.

Western Energy Services Stock Performance

TSE WRG traded up C$0.08 during trading hours on Wednesday, hitting C$2.77. The company had a trading volume of 254 shares, compared to its average volume of 2,264. Western Energy Services has a fifty-two week low of C$2.43 and a fifty-two week high of C$3.31. The firm has a market cap of C$93.74 million, a P/E ratio of -13.19, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. The business has a fifty day simple moving average of C$2.66 and a 200-day simple moving average of C$2.79.

About Western Energy Services

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.