FY2023 EPS Estimates for Western Energy Services Corp. (TSE:WRG) Cut by Analyst

Jul 07, 2023

Western Energy Services Corp. (TSE:WRG - Free Report) - Stock analysts at Stifel Firstegy reduced their FY2023 earnings estimates for Western Energy Services in a research report issued on Wednesday, July 26th. Stifel Firstegy analyst C. Pereira now forecasts that the company will post earnings of $0.04 per share for the year, down from their prior forecast of $0.13. The consensus estimate for Western Energy Services' current full-year earnings is $0.10 per share. Stifel Firstegy also issued estimates for Western Energy Services' Q4 2023 earnings at $0.05 EPS and FY2024 earnings at $0.19 EPS.

Separately, Stifel Nicolaus cut their price target on shares of Western Energy Services from C$3.15 to C$3.00 in a report on Thursday, June 15th.

WRG stock opened at C$3.35 on Monday. The firm has a market cap of C$113.36 million, a P/E ratio of 1.73, a PEG ratio of 0.09 and a beta of 1.60. Western Energy Services has a 52-week low of C$2.20 and a 52-week high of C$4.80. The company's 50-day simple moving average is C$2.88 and its 200-day simple moving average is C$2.94. The company has a quick ratio of 1.46, a current ratio of 1.97 and a debt-to-equity ratio of 43.93.

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.

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