Western Energy Services (WRG), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Andrew Bradford from Raymond James rated Western Energy Services (WRG) a Hold, setting a C$0.50 price target.
According to TipRanks.com, Bradford has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.7% and a 34.7% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
Currently, the analyst consensus on Western Energy Services is a Hold with an average price target of C$0.59, which is a 59.5% upside from current levels. In a report issued on January 31, CIBC also reiterated a Hold rating on the stock with a C$0.75 price target.
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Western Energy Services’ market cap is currently C$34.15M 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 Thursday at C$0.37, close to its 52-week low of C$0.34.
