Western Energy Services Corp.

WRG

CA9581596009

Oil & Gas Drilling

Market Closed - Toronto S.E. Other stock markets 03:02:19 2024-05-29 pm EDT			5-day change	1st Jan Change
2.75 ^CAD	-.--%		-.--%	-7.41%

May. 28	Western Energy Services Corp. Brief: Company has retained a recruitment firm to assist in identifying candidates as Bowers' successor; Bowers, a Co-Founder of Western, will remain with the Co on an interim basis until a successor is appointed	MT
May. 28	Western Energy Services Corp. Brief: Bowers' resignation will be effective on May 28, 2024	MT

Western Energy Services Corp. Reports Earnings Results for the Full Year Ended December 31, 2022

March 28, 2023 at 10:10 pm EST

Western Energy Services Corp. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CAD 200.34 million compared to CAD 131.68 million a year ago.

Net income was CAD 29 million compared to net loss of CAD 36.13 million a year ago.

Latest news about Western Energy Services Corp.

Western Energy Services Corp. Brief: Company has retained a recruitment firm to assist in identifying candidates as Bowers' successor; Bowers, a Co-Founder of Western, will remain with the Co on an interim basis until a successor is appointed	May. 28	MT
Western Energy Services Corp. Brief: Bowers' resignation will be effective on May 28, 2024	May. 28	MT
Western Energy Services Corp. Brief: Announced that Jeffrey K. Bowers, Senior VP Finance, CFO and Corporate Secretary has resigned to actively pursue other opportunities	May. 28	MT
Western Energy Services Corp. Announces Resignation of Jeffrey K. Bowers as CFO	May. 28	CI
Western Energy Services Corp. Announces Resignation of Jeffrey K. Bowers as Senior VP Finance & Corporate Secretary	May. 28	CI
North American Morning Briefing : Investors Brace -2-	Apr. 29	DJ
Transcript : Western Energy Services Corp. - Shareholder/Analyst Call	Apr. 24
Western Energy Services Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Western Energy Services Corp. Brief: First quarter revenue decreased by $17.2 million (or 22%), to $62.0 million in 2024	Apr. 23	MT
North American Morning Briefing : Stock Futures -2-	Mar. 04	DJ
Western Energy Services Corp. Brief: Reduced Debt By $17 Million In 2023	Feb. 28	MT
Western Energy Services Corp. Brief: Q4 revenue decreased by $4.5 million or 7%, to $56.3 million in 2023, as compared to $60.8 million in the fourth quarter of 2022	Feb. 28	MT
Western Energy Services Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
DynaCERT Provided Highlights of 4th Quarter 2023	Dec. 28	MT
North American Morning Briefing : Rate Decisions, -2-	23-10-30	DJ
Western Energy Services Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-24	CI
Western Energy Services Corp. Brief: Q3 Revenue decreased by $3.5 million or 6%, to $55.0 million in 2023, as compared to $58.5 million in the third quarter of 2022	23-10-24	MT
Western Energy Services Corp. Brief: Q3 Basic and diluted net income (loss) per share (0.04)	23-10-24	MT
Western Energy Services Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-25	CI
Western Energy Services Posts Q2 Net Loss, Revenue Up YOY	23-07-25	MT
Western Energy Services Corp. Brief: Incurred a net loss of $7.8 million in Q2 ($0.23 net loss per basic common share) Vs net income of $35.4 million in the same period in 2022 ($1.81 net income per basic common share)	23-07-25	MT
Western Energy Services Corp. Brief: Q2 revenue increased by $12.4 million or 40%, to $43.0 million in 2023, as compared to $30.6 million in the second quarter of 2022	23-07-25	MT
North American Morning Briefing : Stock Futures -2-	23-07-21	DJ
Transcript : Western Energy Services Corp. - Shareholder/Analyst Call	23-04-26
Western Energy Services Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-25	CI

Chart Western Energy Services Corp.

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Company Profile

Western Energy Services Corp. (Western) is a Canada-based energy service company. The Company is focused on providing contract drilling services through its division, Horizon Drilling (Horizon) in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation (Stoneham) in the United States. Western provides well servicing and oilfield rental equipment services in Canada through its wholly owned subsidiary Western Production Services Corp. (Western Production Services). Western Production Servicesâ division, Eagle Well Servicing (Eagle) provides well servicing, and Aero Rental Services (Aero) provides oilfield rental equipment services. In Contract Drilling Services, the Company operates a fleet of approximately 42 drilling rigs specifically suited for drilling complex horizontal wells. In production services, the Company provides well servicing and oilfield equipment rentals primarily in Canada operates approximately 65 well servicing rigs.

Sector

Oil & Gas Drilling

Calendar

2024-07-21 - Q2 2024 Earnings Release (Projected)

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Ratings for Western Energy Services Corp.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.75 CAD

Average target price

2.875 CAD

Spread / Average Target

+4.55%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

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