Western Energy Services Corp (WRG) Rating Reiterated by Scotiabank
Western Energy Services Corp (TSE:WRG)‘s stock had its “underperform” rating restated by research analysts at Scotiabank in a research note issued on Thursday. They currently have a C$2.25 target price on the stock. Scotiabank’s price objective would indicate a potential downside of 8.16% from the stock’s previous close.
Several other research firms also recently weighed in on WRG. RBC Capital Markets decreased their price objective on Western Energy Services Corp from C$4.50 to C$4.00 and set an “outperform” rating for the company in a report on Thursday. Royal Bank Of Canada lifted their price objective on Western Energy Services Corp from C$4.00 to C$4.50 and gave the company an “outperform (spec)” rating in a report on Thursday. Raymond James Financial Inc. decreased their price objective on Western Energy Services Corp from C$4.75 to C$4.00 in a report on Wednesday. TD Securities restated a “hold” rating and issued a C$2.50 price objective on shares of Western Energy Services Corp in a report on Wednesday. Finally, CIBC decreased their price objective on Western Energy Services Corp from C$5.50 to C$4.50 in a report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$3.66.
Shares of Western Energy Services Corp (TSE:WRG) traded up 2.08% during mid-day trading on Thursday, hitting $2.45. 133,326 shares of the stock were exchanged. Western Energy Services Corp has a 12 month low of $2.05 and a 12 month high of $4.43. The stock’s market cap is $180.44 million. The stock’s 50 day moving average is $2.54 and its 200-day moving average is $2.91.
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