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
Feb 28, 2024 16:00 ET
WESTERN ENERGY SERVICES CORP. RELEASES FOURTH QUARTER AND YEAR END 2023 FINANCIAL AND OPERATING RESULTS, REDUCING DEBT BY $17 MILLION IN 2023
CALGARY, AB, Feb. 28, 2024 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its fourth quarter and year end 2023 financial and operating results, reducing debt by $17 million in 2023. Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis as at and for the year ended December 31, 2023 and 2022 will be available on SEDAR+ at www.sedarplus.ca. Non-International Financial Reporting Standards ("Non-IFRS") measures and ratios, such as Adjusted EBITDA, Adjusted EBI
Jan 15, 2024 16:00 ET
WESTERN ENERGY SERVICES CORP. ANNOUNCES 2024 CAPITAL BUDGET
CALGARY, AB, Jan. 15, 2024 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) is pleased to announce its 2024 capital expenditure budget of approximately $23 million, which is expected to be comprised of approximately $15 million of maintenance capital and $8 million of expansion capital, including approximately $3 million of committed expenditures from 2023 that will carry forward into 2024.
Valuation Ratios
Industry
Sector
Beta
1.57
--
--
Price to Sales - TTM
0.40
0.46
3.63
Price to Book - most recent quarter
0.32
0.80
1.76
Price to Cash Flow per share - TTM
2.67
2.39
5.70
Price to Free Cash Flow per share - TTM
3.28
4.56
16.92
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 2,129 | 1,450 |
| Mar 15, 2024 | 679 | 207 |
| Feb 29, 2024 | 472 | -92 |
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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