Atb Cap Markets Upgrades Western Energy Services (TSE:WRG) to “Hold”

Western Energy Services (TSE:WRG) was upgraded by stock analysts at Atb Cap Markets to a “hold” rating in a note issued to investors on Wednesday,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 target on Western Energy Services and gave the stock a “sector perform” rating in a report on Wednesday.

Western Energy Services Stock Performance

Shares of Western Energy Services stock opened at C$2.68 on Wednesday. The company’s fifty day moving average is C$2.66 and its 200 day moving average is C$2.79. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. The stock has a market cap of C$90.69 million, a price-to-earnings ratio of -12.76, a P/E/G ratio of 0.09 and a beta of 1.49. Western Energy Services has a twelve month low of C$2.43 and a twelve month high of C$3.31.

About Western Energy Services

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.