The Materials sector company, Western Energy Services (WRG), has received a rating update from a Wall Street analyst yesterday. AltaCorp Captial’s analyst Tim Monachello downgraded WRG to Hold , with a C$0.60 price target.
According to TipRanks.com, Monachello is ranked #4834 out of 5126 analysts.
Western Energy Services has an analyst consensus of Hold, with a price target consensus of C$0.53, a 43.2% upside from current levels. In a report issued on January 24, Raymond James also maintained a Hold rating on the stock with a C$0.50 price target.
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The company has a one-year high of C$1.38 and a one-year low of C$0.34. Currently, Western Energy Services has an average volume of 155.6K.
Western Energy Services Corp. is an oilfield service company, which engages in the provision of contract drilling services. It operates through the Contract Drilling, and Production Services segments. The Contract Drilling segment includes drilling rigs along with related equipment.
The company’s shares closed on Tuesday at C$0.37, close to its 52-week low of C$0.34.
