Western Energy Services (WRG) Stock Price, News & Analysis

Company Overview

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. Western Energy Services Corp. is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$2.50 to C$2.58
• 50-Day Range: C$2.50 to C$2.88
• 52-Week Range: C$2.43 to C$3.31
• Volume: 8,300 shs
• Average Volume: 16,162 shs
• Market Capitalization: C$84.60 million
• P/E Ratio: N/A
• Dividend Yield: 8.00%
• Price Target: C$2.75
• Consensus Rating: Hold

Western Energy Services Stock Analysis - MarketRank™

Western Energy Services scored higher than 45% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Western Energy Services has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Western Energy Services has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Energy Services is -12.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Energy Services is -12.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Western Energy Services has a PEG Ratio of 0.09. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Western Energy Services has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for WRG.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Western Energy Services is a leading dividend payer. It pays a dividend yield of 8.70%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Western Energy Services does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for WRG.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Western Energy Services has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Western Energy Services this week, compared to 0 articles on an average week.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Western Energy Services insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$13,950.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

32.65% of the stock of Western Energy Services is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

49.68% of the stock of Western Energy Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WRG Stock Analysis - Frequently Asked Questions

How have WRG shares performed this year?

Western Energy Services' stock was trading at C$2.97 at the beginning of 2024. Since then, WRG shares have decreased by 11.4% and is now trading at C$2.63.
View the best growth stocks for 2024 here.

How do I buy shares of Western Energy Services?

Shares of WRG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Western Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Western Energy Services investors own include Toronto-Dominion Bank (TD), Meta Platforms (META), Trican Well Service (TCW), B2Gold (BTO), Calfrac Well Services (CFW), Pine Cliff Energy (PNE) and Shopify (SHOP).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: N/A
• Current Symbol: TSE:WRG
• CUSIP: N/A
• CIK: N/A
• Web: www.wesc.ca
• Phone: +1-403-9845916
• Fax: N/A
• Employees: 675
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$2.75
• High Stock Price Target: C$2.75
• Low Stock Price Target: C$2.75
• Potential Upside/Downside: +4.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.21)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 17.54
• P/E Growth: 0.09
• Net Income: C$-7,470,000.00
• Net Margins: -3.45%
• Pretax Margin: N/A
• Return on Equity: -2.40%
• Return on Assets: 0.18%

Debt

• Debt-to-Equity Ratio: 37.49
• Current Ratio: 1.82
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: C$216.27 million
• Price / Sales: 0.41
• Cash Flow: C$0.30 per share
• Price / Cash Flow: 8.79
• Book Value: C$8.65 per share
• Price / Book: 0.30

Miscellaneous

• Outstanding Shares: 33,840,000
• Free Float: N/A
• Market Cap: C$89.00 million
• Optionable: Not Optionable
• Beta: 1.49