Western Energy Services Corp. (TSE:WRG)’s share price rose 5.3% during mid-day trading on Thursday . The stock traded as high as C$1.19 and last traded at C$1.19. Approximately 106,530 shares changed hands during trading, a decline of 34% from the average daily volume of 161,863 shares. The stock had previously closed at C$1.13.

WRG has been the topic of several research analyst reports. Royal Bank Of Canada reduced their price objective on Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. GMP Securities reduced their price objective on Western Energy Services from C$1.50 to C$1.25 in a research note on Friday, October 27th. TD Securities reduced their price objective on Western Energy Services from C$1.50 to C$1.40 and set a “hold” rating on the stock in a research note on Wednesday, October 18th. Raymond James Financial reduced their price objective on Western Energy Services from C$1.85 to C$1.40 and set a “market perform” rating on the stock in a research note on Tuesday, August 22nd. Finally, Canaccord Genuity set a C$1.50 price objective on Western Energy Services and gave the stock a “hold” rating in a research note on Monday, September 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$2.11.

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About Western Energy Services

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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