Western Energy Services Corp (T:WRG)
Business Focus: Oil & Gas Drilling (NEC)
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for WRG within the last 6 months
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Company News
Apr 24, 2024 18:28 ET
WESTERN ENERGY SERVICES CORP. ANNOUNCES DIRECTOR ELECTION RESULTS
CALGARY, AB, April 24, 2024 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) today announces the director election results from its 2024 annual meeting of shareholders held on April 24, 2024. According to the proxies received and ballots cast at the meeting, the following seven nominees were elected as directors to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Company:
Apr 23, 2024 17:00 ET
WESTERN ENERGY SERVICES CORP. RELEASES FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS
CALGARY, AB, April 23, 2024 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its first quarter 2024 financial and operating results. Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis ("MD&A") as at March 31, 2024 and for the three months ended March 31, 2024 and 2023 will be available on SEDAR+ at www.sedarplus.ca. Non-International Financial Reporting Standards ("Non-IFRS") measures and ratios, such as Adjusted EBITDA, Adjusted EBITDA as a percentag
Valuation Ratios
Industry
Sector
Beta
1.52
--
--
Price to Sales - TTM
0.44
0.47
3.02
Price to Book - most recent quarter
0.32
0.78
1.71
Price to Cash Flow per share - TTM
2.91
2.51
6.36
Price to Free Cash Flow per share - TTM
2.84
4.07
16.25
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 1,047 | -666 |
| Apr 15, 2024 | 1,713 | -416 |
| Mar 31, 2024 | 2,129 | 1,450 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Drilling |
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 Services' 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.
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