Should I buy or sell Western Energy Services stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Energy Services in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WRG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRG, but not buy additional shares or sell existing shares. View WRG analyst ratings or view top-rated stocks .

What is Western Energy Services' stock price target for 2024?

1 equities research analysts have issued 1 year price objectives for Western Energy Services' shares. Their WRG share price targets range from C$2.75 to C$2.75. On average, they predict the company's share price to reach C$2.75 in the next twelve months. This suggests that the stock has a possible downside of 1.8%. View analysts price targets for WRG or view top-rated stocks among Wall Street analysts .

How have WRG shares performed in 2024?

Western Energy Services' stock was trading at C$2.97 on January 1st, 2024. Since then, WRG stock has decreased by 5.7% and is now trading at C$2.80. View the best growth stocks for 2024 here .

When is Western Energy Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our WRG earnings forecast .

How were Western Energy Services' earnings last quarter?

Western Energy Services Corp. (TSE:WRG) announced its quarterly earnings results on Wednesday, February, 28th. The company reported ($0.06) earnings per share for the quarter. The firm earned $56.26 million during the quarter, compared to analysts' expectations of $55 million. Western Energy Services had a negative trailing twelve-month return on equity of 2.30% and a negative net margin of 3.09%.

Is Western Energy Services a good dividend stock?

Western Energy Services (TSE:WRG) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 8.70%. WRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for WRG .

What other stocks do shareholders of Western Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Energy Services investors own include Calfrac Well Services (CFW) , Trican Well Service (TCW) , Bellatrix Exploration (BXE) , Canadian Imperial Bank of Commerce (CM) , AltaGas (ALA) , Altius Minerals (ALS) , Baytex Energy (BTE) , B2Gold (BTO) , Corus Entertainment (CJR.B) and

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 .

TSE:WRG

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

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Free WRG Stock Alerts

C$2.80

0.00 (0.00%)

(As of 05:19 PM ET)

Compare

Today's Range: C$2.80
▼
C$2.80
50-Day Range: C$2.46
▼
C$2.85
52-Week Range: C$2.22
▼
C$3.95

Volume: 127 shs
Average Volume: 36,968 shs
Market Capitalization: C$94.75 million

P/E Ratio: N/A
Dividend Yield: 7.14%
Price Target: C$3.00

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Get Western Energy Services alerts:

Western Energy Services MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 1.8% Downside
C$2.75 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.00
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
C$2.30 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.61 out of 5 stars

1.0

Analyst's Opinion

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 only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WRG.

1.7

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WRG.

2.8

News and Social Media Coverage

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 0.46 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Western Energy Services this week, compared to 0 articles on an average week.

4.2

Company Ownership

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$2,295,656.00 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
50.14% 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.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Western Energy Services is -14.00, 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 -14.00, 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 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Western Energy Services Stock (TSE:WRG)

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.

WRG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WRG Stock News Headlines

April 4, 2024 | insidertrades.com

Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Purchases 27,100 Shares of Stock

March 26, 2024 | insidertrades.com

Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Buys 63,300 Shares of Stock

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March 20, 2024 | insidertrades.com

Western Energy Services Corp. (TSE:WRG) Insider Sime Armoyan Purchases 21,200 Shares

March 11, 2024 | markets.businessinsider.com

Analysts Conflicted on These Energy Names: Western Midstream Partners (WES), AltaGas (OtherATGFF) and MEG Energy (OtherMEGEF)

January 18, 2024 | finance.yahoo.com

Western Energy Services Corp. (WRG.TO)

January 15, 2024 | finance.yahoo.com

WESTERN ENERGY SERVICES CORP. ANNOUNCES 2024 CAPITAL BUDGET

November 16, 2023 | morningstar.com

Western Energy Services Corp WRG

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October 29, 2023 | finance.yahoo.com

Returns At Western Energy Services (TSE:WRG) Are On The Way Up

August 10, 2023 | finance.yahoo.com

Are Investors Undervaluing Western Energy Services Corp. (TSE:WRG) By 26%?

August 6, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp flat on Friday (WRG)

July 25, 2023 | finance.yahoo.com

WESTERN ENERGY SERVICES CORP. RELEASES SECOND QUARTER 2023 FINANCIAL AND OPERATING RESULTS

June 9, 2023 | msn.com

STIFEL CANADA Maintains Western Energy Services (TSX:WRG) Hold Recommendation

May 22, 2023 | finance.yahoo.com

We Like These Underlying Return On Capital Trends At Western Energy Services (TSE:WRG)

May 2, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp flat on Thursday (WRG)

April 25, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp down on Tuesday (WRG)

April 25, 2023 | finance.yahoo.com

WESTERN ENERGY SERVICES CORP. RELEASES FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS

April 21, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp up on Thursday (WRG)

April 19, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp flat on Tuesday (WRG)

April 18, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp up on Monday (WRG)

April 15, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp down on Friday (WRG)

April 13, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp down on Wednesday (WRG)

April 12, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp up on Tuesday (WRG)

April 6, 2023 | theglobeandmail.com

Closing Bell: Western Energy Services Corp flat on Wednesday (WRG)

March 4, 2023 | msn.com

Premier Alan Winde hosts series of Energy Digicons to outline WCG's resilience drive

February 28, 2023 | finance.yahoo.com

WESTERN ENERGY SERVICES CORP. RELEASES FOURTH QUARTER AND YEAR END 2022 FINANCIAL AND OPERATING RESULTS

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/23/2024

Get Stock Alerts

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$3.00
High Stock Price Target: C$3.00
Low Stock Price Target: C$3.00
Potential Upside/Downside: +7.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 18.68
P/E Growth: 0.09
Net Income: C$-7,210,000.00
Net Margins: -3.09%
Pretax Margin: N/A
Return on Equity: -2.30%
Return on Assets: 0.38%

Debt

Debt-to-Equity Ratio: 38.97
Current Ratio: 1.66
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: C$233.45 million
Price / Sales: 0.41
Cash Flow: C$0.32 per share
Price / Cash Flow: 8.79
Book Value: C$8.67 per share
Price / Book: 0.32

Miscellaneous

Outstanding Shares: 33,840,000
Free Float: N/A
Market Cap: C$94.75 million
Optionable: Not Optionable
Beta: 1.59

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Key Executives

Mr. Alex R. N. MacAusland (Age 55)
President, CEO & Director
Comp: $1.04M
Mr. Jeffrey Keith Bowers
Senior VP of Finance, CFO & Corporate Secretary
Mr. Jack R. Pepper
Vice President of Operations & Business Development of Stoneham Drilling
Mr. J. Aaron MacAusland
Vice President of Operations of Horizon Drilling
R. Ross Clancy
Vice President of Production Services
Ms. April Williams
Vice President of Human Resources
Mr. Peter John Balkwill CA
Vice President of Finance

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

WRG Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Energy Services stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Energy Services in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WRG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRG, but not buy additional shares or sell existing shares.
View WRG analyst ratings or view top-rated stocks.
What is Western Energy Services' stock price target for 2024?: 1 equities research analysts have issued 1 year price objectives for Western Energy Services' shares. Their WRG share price targets range from C$2.75 to C$2.75. On average, they predict the company's share price to reach C$2.75 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for WRG or view top-rated stocks among Wall Street analysts.
How have WRG shares performed in 2024?: Western Energy Services' stock was trading at C$2.97 on January 1st, 2024. Since then, WRG stock has decreased by 5.7% and is now trading at C$2.80.
View the best growth stocks for 2024 here.
When is Western Energy Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our WRG earnings forecast.

How were Western Energy Services' earnings last quarter?: Western Energy Services Corp. (TSE:WRG) announced its quarterly earnings results on Wednesday, February, 28th. The company reported ($0.06) earnings per share for the quarter. The firm earned $56.26 million during the quarter, compared to analysts' expectations of $55 million. Western Energy Services had a negative trailing twelve-month return on equity of 2.30% and a negative net margin of 3.09%.
Is Western Energy Services a good dividend stock?: Western Energy Services (TSE:WRG) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 8.70%. WRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for WRG.
What other stocks do shareholders of Western Energy Services own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Western Energy Services investors own include Calfrac Well Services (CFW), Trican Well Service (TCW), Bellatrix Exploration (BXE), Canadian Imperial Bank of Commerce (CM), AltaGas (ALA), Altius Minerals (ALS), Baytex Energy (BTE), B2Gold (BTO), Corus Entertainment (CJR.B) and
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.

This page (TSE:WRG) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Western Energy Services MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Western Energy Services Stock (TSE:WRG)

WRG Stock Price History

WRG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

WRG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™