Atb Cap Markets Predicts TSE:WRG FY2024 Earnings

Western Energy Services Corp. (TSE:WRG) – Research analysts at Atb Cap Markets issued their FY2024 EPS estimates for Western Energy Services in a note issued to investors on Wednesday, January 15th. Atb Cap Markets analyst T. Monachello forecasts that the company will post earnings of ($0.11) per share for the year. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Western Energy Services’ current full-year earnings is $0.15 per share. Atb Cap Markets also issued estimates for Western Energy Services’ Q4 2024 earnings at $0.03 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at ($0.01) EPS, FY2026 earnings at $0.04 EPS and FY2027 earnings at $0.09 EPS.

Separately, ATB Capital set a C$3.25 price objective on shares of Western Energy Services and gave the company a “sector perform” rating in a research report on Wednesday.

Western Energy Services Trading Up 1.5 %

Shares of WRG stock opened at C$2.72 on Friday. The firm’s 50 day moving average price is C$2.66 and its two-hundred day moving average price is C$2.79. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. Western Energy Services has a fifty-two week low of C$2.43 and a fifty-two week high of C$3.31. The stock has a market cap of C$92.04 million, a price-to-earnings ratio of -12.95, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49.

Western Energy Services Company Profile

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.