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Brokers Issue Forecasts for TSE:WRG FY2024 Earnings

Western Energy Services logo with Energy background

Western Energy Services Corp. (TSE:WRG - Free Report) - Atb Cap Markets issued their FY2024 earnings per share (EPS) estimates for shares of Western Energy Services in a research report issued to clients and investors on Wednesday, January 15th. Atb Cap Markets analyst T. Monachello anticipates that the company will earn ($0.11) per share for the year. Atb Cap Markets has a "Hold" rating on the stock. The consensus estimate for Western Energy Services' current full-year earnings is $0.15 per share. Atb Cap Markets also issued estimates for Western Energy Services' Q4 2024 earnings at $0.03 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 shares of Western Energy Services and gave the company a "sector perform" rating in a research report on Wednesday.

Read Our Latest Stock Analysis on WRG

Western Energy Services Stock Up 1.5 %

Shares of TSE:WRG traded up C$0.04 during midday trading on Friday, hitting C$2.72. The stock had a trading volume of 332 shares, compared to its average volume of 1,892. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. The business's 50-day simple moving average is C$2.66 and its 200-day simple moving average is C$2.79. Western Energy Services has a 12 month low of C$2.43 and a 12 month high of C$3.31. The company has a market cap of C$92.04 million, a P/E ratio of -12.95, a PEG ratio of 0.09 and a beta of 1.49.

About Western Energy Services

(Get Free Report)

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.

Further Reading

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