Western Energy Services Corp (WRG: CA) is a Canadian oilfield services company specializing in contract drilling and production services across Canada and the United States.
With a workforce of approximately 615 employees, the company offers well servicing rigs, rental equipment, and drilling services to energy producers. Despite facing challenges in recent years, Western Energy Services continues to adapt to industry dynamics.
Expected Quarterly Earnings Report of Western Energy Services:
Western Energy Services is scheduled to release its Q1 2025 earnings on April 29, 2025. Analyst estimates suggest a modest earnings per share (EPS) of C$0.10, indicating a potential return to profitability after a loss of C$0.06 per share in Q4 2024. The company’s revenue for the upcoming quarter is projected to be C$59.7 million, reflecting a slight increase from the previous quarter’s C$57.3 million.
Stock Target Advisor’s Analysis on Western Energy Services Corp.
Stock Target Advisor currently rates Western Energy Services as a “Neutral” stock. The consensus analyst price target stands at C$3.13, suggesting a potential upside of approximately 40% from the current trading price of C$2.22.
However, technical indicators show a “Sell” signal, with a 1-week rating of “Strong Sell.” This indicates a mixed sentiment among analysts and investors.
Conclusion:
As Western Energy Services approaches its Q1 2025 earnings release, the company appears poised to report a modest profit, reversing the losses of the previous quarter.
While analyst forecasts suggest potential for growth, the mixed technical indicators and recent stock performance warrant cautious optimism. Investors should monitor the upcoming earnings report closely to assess the company’s trajectory in the evolving energy services sector.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
