Western Energy Services (TSE:WRG) Upgraded at Atb Cap Markets

Western Energy Services (TSE:WRG) was upgraded by stock 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 objective on Western Energy Services and gave the company a “sector perform” rating in a report on Wednesday.

Western Energy Services Trading Down 3.2 %

TSE:WRG opened at C$2.68 on Wednesday. The company has a market capitalization of C$90.69 million, a P/E ratio of -12.76, a P/E/G ratio of 0.09 and a beta of 1.49. Western Energy Services has a 52 week low of C$2.43 and a 52 week high of C$3.31. The stock’s 50 day moving average price is C$2.66 and its 200 day moving average price is C$2.79. 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.