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

Atb Cap Markets upgraded shares of Western Energy Services (TSE:WRG - Free Report) to a hold rating in a report issued on Wednesday morning,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 stock a "sector perform" rating in a research report on Wednesday.

Western Energy Services Price Performance

TSE:WRG traded up C$0.04 during mid-day trading on Wednesday, hitting C$2.72. 332 shares of the company's stock traded hands, compared to its average volume of 1,892. Western Energy Services has a 1 year low of C$2.43 and a 1 year high of C$3.31. The company has a market cap of C$92.04 million, a PE ratio of -12.95, 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. The firm's 50 day simple moving average is C$2.66 and its 200 day simple moving average is C$2.79.

Western Energy Services Company Profile

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.