In a new note to investors today, an analyst has provided a rating update for Western Energy Services (WRG). CIBC’s analyst Daine Biluk reiterates their Hold rating on the shares, with a C$0.75 price target.
Currently, the analyst consensus on Western Energy Services is a Hold with an average price target of C$0.53, a 43.2% upside from current levels. 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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Western Energy Services’ market cap is currently C$34.61M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.10.
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.
