Western Energy Services Corp. (TSE:WRG) traded down 1.7% on Tuesday . The stock traded as low as C$1.15 and last traded at C$1.18. 107,100 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 163,131 shares. The stock had previously closed at C$1.20.

Several equities research analysts have weighed in on the stock. Canaccord Genuity lowered their price objective on shares of Western Energy Services Corp. from C$1.80 to C$1.60 in a research report on Friday, July 28th. Raymond James Financial, Inc. lowered their price objective on shares of Western Energy Services Corp. from C$1.85 to C$1.40 and set a “market perform” rating for the company in a research report on Tuesday, August 22nd. TD Securities lowered their price objective on shares of Western Energy Services Corp. from C$1.50 to C$1.40 and set a “hold” rating for the company in a research report on Wednesday, October 18th. Royal Bank Of Canada lowered their price objective on shares of Western Energy Services Corp. from C$2.50 to C$2.00 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Finally, GMP Securities lowered their price objective on shares of Western Energy Services Corp. from C$1.50 to C$1.25 in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Western Energy Services Corp. presently has a consensus rating of “Buy” and a consensus price target of C$2.11.

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Western Energy Services Corp. Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services. It operates a fleet of 56 drilling rigs and associated equipment, including 51 in Canada and 5 in the United States.

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