Stifel Firstegy Analysts Reduce Earnings Estimates for Western Energy Services Corp. (TSE:WRG)

Western Energy Services Corp. (TSE:WRGGet Rating) – Stock analysts at Stifel Firstegy decreased their FY2022 earnings per share (EPS) estimates for shares of Western Energy Services in a note issued to investors on Tuesday, January 17th. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings per share of $0.97 for the year, down from their prior forecast of $1.93. Stifel Firstegy has a “Hold” rating on the stock. The consensus estimate for Western Energy Services’ current full-year earnings is ($0.33) per share.

Western Energy Services (TSE:WRGGet Rating) last posted its earnings results on Tuesday, October 25th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$58.48 million during the quarter.

Separately, Stifel Nicolaus set a C$4.50 price objective on Western Energy Services and gave the stock a “hold” rating in a research note on Thursday, December 8th.

Western Energy Services Stock Down 0.3 %

Shares of WRG stock opened at C$3.38 on Friday. Western Energy Services has a 1 year low of C$2.40 and a 1 year high of C$60.00. The stock has a market cap of C$114.38 million and a PE ratio of 2.75. The business’s fifty day moving average is C$3.42 and its 200-day moving average is C$2.79. The company has a debt-to-equity ratio of 43.44, a quick ratio of 1.46 and a current ratio of 1.61.

About Western Energy Services

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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 oilfield rental equipment services to other oilfield service companies.

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