Atb Cap Markets Analysts Lift Earnings Estimates for TSE:WRG

Western Energy Services Corp. (TSE:WRG) – Atb Cap Markets lifted their Q1 2025 earnings estimates for Western Energy Services in a research report issued to clients and investors on Thursday, February 27th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $0.10 per share for the quarter, up from their previous forecast of $0.09. Atb Cap Markets 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’ Q1 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.04 EPS, Q1 2026 earnings at $0.14 EPS, Q1 2026 earnings at $0.14 EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.01) EPS, Q3 2026 earnings at ($0.01) EPS and Q4 2026 earnings at $0.05 EPS.

Separately, ATB Capital set a C$3.25 target price on shares of Western Energy Services and gave the stock a “sector perform” rating in a research report on Wednesday, January 15th.

Western Energy Services Price Performance

WRG opened at C$2.35 on Friday. The firm has a market cap of C$79.52 million, a price-to-earnings ratio of -11.19, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. Western Energy Services has a fifty-two week low of C$2.35 and a fifty-two week high of C$3.31. The company’s 50-day moving average price is C$2.60 and its 200 day moving average price is C$2.72. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49.

Insiders Place Their Bets

In other news, insider Sime Armoyan bought 25,800 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of C$2.50 per share, for a total transaction of C$64,500.00. In the last 90 days, insiders bought 78,600 shares of company stock worth $191,911. Insiders own 32.65% of the company’s stock.

About Western Energy Services

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.