Atb Cap Markets Forecasts TSE:WRG FY2024 Earnings

Western Energy Services Corp. (TSE:WRG) – Equities research analysts at Atb Cap Markets issued their FY2024 earnings per share (EPS) estimates for Western Energy Services in a research report issued to clients and investors on Wednesday, January 15th. Atb Cap Markets analyst T. Monachello forecasts that the company will earn ($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 target price on Western Energy Services and gave the stock a “sector perform” rating in a research note on Wednesday.

Western Energy Services Stock Performance

Western Energy Services stock opened at C$2.72 on Friday. The firm has a 50 day simple moving average of C$2.66 and a 200-day simple moving average of C$2.79. 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. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46. Western Energy Services has a 1-year low of C$2.43 and a 1-year high of C$3.31.

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.