The Materials sector company, Western Energy Services (TSX: WRG), has received a rating update from a Wall Street analyst on October 19. Analyst Aaron Macneil from TD Securities reiterated a Hold rating, with a C$0.85 price target on October 19.
According to TipRanks.com, Macneil is ranked #4762 out of 4892 analysts.
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Western Energy Services has an analyst consensus of Hold, with a price target consensus of C$1.04, which is a 42.5% upside from current levels. In a report issued on October 16, CIBC also downgraded the stock to Hold with a C$1.15 price target.
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Western Energy Services’ market cap is currently C$67.29M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.18.
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 Friday at C$0.73, close to its 52-week low of C$0.69.
