Western Energy Services (TSE:WRG) PT Lowered to C$4.00 at Stifel Nicolaus

Western Energy Services (TSE:WRG – Get Rating) had its price objective lowered by analysts at Stifel Nicolaus from C$4.50 to C$4.00 in a report issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 30.72% from the stock’s previous close.

Separately, Stifel Firstegy restated a “hold” rating on shares of Western Energy Services in a research note on Wednesday, December 7th.

Western Energy Services Trading Up 2.3 %

TSE WRG opened at C$3.06 on Wednesday. The business has a 50 day moving average price of C$3.32 and a 200-day moving average price of C$3.27. Western Energy Services has a 52 week low of C$2.40 and a 52 week high of C$60.00. The company has a market cap of C$103.55 million, a price-to-earnings ratio of 2.51, a P/E/G ratio of 0.09 and a beta of 1.63. The company has a quick ratio of 1.46, a current ratio of 1.61 and a debt-to-equity ratio of 43.44.

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.