Western Energy Services (WRG) Gets a Hold Rating from Stifel Nicolaus

Shares of Western Energy Services (WRGResearch Report) were revisited by a Wall Street analyst today. Analyst Cole Pereira from Stifel Nicolaus remains neutral on the stock and has a C$3.00 price target.

According to TipRanks.com, Pereira is a 4-star analyst with an average return of 12.6% and a 51.1% success rate. Pereira covers the NA sector, focusing on stocks such as CES Energy Solutions, Trican Well Service, and Precision Drilling.

Western Energy Services has an analyst consensus of Hold, with a price target consensus of C$3.00.

The company has a one-year high of C$6.00 and a one-year low of C$2.20. Currently, Western Energy Services has an average volume of 47.76K.

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its Contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The Production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.

The company’s shares closed last Tuesday at C$2.48, close to its 52-week low of C$2.20.