Western Energy Services (TSE:WRG) Stock Rating Upgraded by Atb Cap Markets

Western Energy Services (TSE:WRG) was upgraded by research analysts at Atb Cap Markets to a “hold” rating in a research report issued on Wednesday,Zacks.com reports. Atb Cap Markets also issued estimates for Western Energy Services’ Q4 2024 earnings at $0.03 EPS, FY2024 earnings at ($0.11) EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS and FY2027 earnings at $0.09 EPS.

Separately, ATB Capital set a C$3.25 price target on Western Energy Services and gave the stock a “sector perform” rating in a research report on Wednesday.

Western Energy Services Trading Down 3.2 %

WRG stock opened at C$2.68 on Wednesday. Western Energy Services has a 52 week low of C$2.43 and a 52 week high of C$3.31. The company’s 50-day simple moving average is C$2.66 and its 200 day simple moving average is C$2.79. The company has a market capitalization of C$90.69 million, a PE ratio of -12.76, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.