Western Energy Services stock analysis
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Western Energy Services (WRG) Stock Price & Analysis
WRG Stock Chart & Stats
- Day’s Range
- CAD 3.89 - CAD 3.98
- 52-Week Range
- CAD 2.05 - CAD 4.20
- Previous Close
- CAD 3.84
- Volume
- N/A
- Average Volume (3M)
- 1,893
- Market Cap
- CAD 133.72M
- Enterprise Value
- CAD 202.46M
- Total Cash (Recent Filing)
- CAD 3.24M
- Total Debt (Recent Filing)
- CAD 82.81M
- Price to Earnings (P/E)
- ―
- Beta
- -0.50
- Next Earnings
- Mar 03, 2027 (Est.)
- EPS Estimate
- 0.12
- Last Dividend Ex-Date
- Dec 29, 2015
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Deleveraging
Substantial debt reduction has improved Western Energy Services’ financial flexibility and lowered balance-sheet risk. With equity remaining sizable relative to assets, the company is better positioned to withstand operating volatility and fund essential activities without relying as heavily on additional borrowing.
Cash Generation
Positive operating and free cash flow provide internal liquidity despite reported net losses. This supports ongoing operations, debt servicing and necessary investment, giving the company a more resilient financial foundation while management works to restore consistent accounting profitability.
Operating Profitability
A healthy EBITDA margin indicates that the core drilling and wellsite-services operation can generate meaningful operating earnings before below-the-line items. If maintained, this operating base can support cash generation and provide leverage for improved net profitability over time.
Bears Say
Persistent Net Losses
Ongoing bottom-line losses, together with a materially wider loss than the prior year, weaken earnings quality and limit the company’s ability to compound shareholder value. The deterioration also reduces confidence that current operating performance will translate into durable profits.
Weak Cash Conversion
The sharp year-over-year decline in free cash flow reduces the funds available for debt reduction, reinvestment and shareholder returns. Although liquidity remains positive, weaker conversion makes the business more sensitive to prolonged operating pressure and complicates sustained financial improvement.
Earnings Volatility
The shift from profitability in 2022 to recurring losses through the TTM period shows that earnings have not yet demonstrated durability. Continued negative returns on equity indicate capital is not currently producing shareholder profits, limiting confidence in long-term earnings stability.
WRG FAQ
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Company Description
Western Energy Services
Western Energy Services Corp. operates as an oilfield services provider across Canada and the United States. The company structures its operations into two primary divisions: Contract Drilling and Production Services. Through its Contract Drilling segment, it delivers specialized drilling services utilizing its fleet of drilling rigs and associated auxiliary equipment. The Production Services division, conversely, furnishes well servicing rigs and related machinery, in addition to offering oilfield equipment rental solutions to other companies within the sector. Western Energy Services boasts a substantial inventory of 57 drilling rigs and 63 service rigs. Its client base predominantly comprises enterprises involved in the exploration and production of crude oil and natural gas. The firm was established in 2013 and is headquartered in Calgary, Canada.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- CEO
- Gavin Bryan Forbister Lane
- Employees
- 588
- Website
- www.wesc.ca
- Address
- 215 – 9th Avenue SW, Calgary, AB, T2P 1K3, CA
Western Energy Services (WRG) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 6 | 1 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 12 | 0 | 0 |









