ATB Capital Has Lowered Expectations for Western Energy Services (TSE:WRG) Stock Price

Western Energy Services (TSE:WRG - Free Report) had its price target reduced by ATB Capital from C$3.25 to C$2.75 in a research report sent to investors on Monday morning,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Separately, Atb Cap Markets raised shares of Western Energy Services to a "hold" rating in a research note on Wednesday, January 15th.

Western Energy Services Stock Performance

Shares of TSE WRG traded up C$0.12 during midday trading on Monday, hitting C$2.18. The company's stock had a trading volume of 200 shares, compared to its average volume of 10,288. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82. Western Energy Services has a 1-year low of C$1.85 and a 1-year high of C$3.31. The firm's fifty day moving average price is C$2.15 and its 200-day moving average price is C$2.45. The firm has a market cap of C$73.77 million, a P/E ratio of -10.38, a P/E/G ratio of 0.09 and a beta of 1.49.

Insiders Place Their Bets

In other Western Energy Services news, insider Sime Armoyan acquired 25,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of C$2.40 per share, with a total value of C$60,000.00. In the last three months, insiders have purchased 182,600 shares of company stock worth $407,850. 32.65% of the stock is owned by corporate insiders.

Western Energy Services Company Profile

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.