In a new note to investors on January 31, an analyst has provided a rating update for the Materials sector company, Western Energy Services (WRG). Analyst Daine Biluk from CIBC rated Western Energy Services (WRG) a Hold on January 31, setting a C$0.75 price target.
The word on The Street in general, suggests a Hold analyst consensus rating for Western Energy Services with a C$0.53 average price target, representing a 43.2% upside. In a report issued on January 28, AltaCorp Captial also downgraded the stock to Hold with a C$0.60 price target.
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The company has a one-year high of C$1.30 and a one-year low of C$0.34. Currently, Western Energy Services has an average volume of 150.7K.
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 Monday at C$0.37, close to its 52-week low of C$0.34.
