Western Energy Services Corp.

WRG

CA9581596009

Oil & Gas Drilling

Market Closed - Toronto S.E. Other stock markets 02:33:36 2024-04-22 pm EDT			5-day change	1st Jan Change
2.8 ^CAD	0.00%		0.00%	-5.72%

Mar. 04	North American Morning Briefing : Stock Futures -2-	DJ
Feb. 28	Western Energy Services Corp. Brief: Reduced Debt By $17 Million In 2023	MT

Western Energy: Q2 Earnings Snapshot

July 25, 2022 at 06:56 pm EDT

CALGARY, Alberta (AP) _ Western Energy Services Corp. (WEEEF) on Monday reported earnings of $27.8 million in its second quarter.

The Calgary, Alberta-based company said it had profit of 2 cents per share. Losses, adjusted for non-recurring gains, came to 1 cent per share.

The drilling services company posted revenue of $24 million in the period.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEEEF at https://www.zacks.com/ap/WEEEF

Latest news about Western Energy Services Corp.

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
Western Energy Services Returns to a First-Quarter Profit on Strong Demand for Oilfield Services	23-04-25	MT
Western Energy Services Corp. Brief: Generated net income of $4.4 million in the first quarter of 2023 ($0.13 net income per basic common share)	23-04-25	MT
Western Energy Services Corp. Brief: First quarter revenue increased by $28.7 million or 57%, to $79.2 million in 2023	23-04-25	MT
Total Energy Services Announces Dismissal of Claim Against Savanna Energy Services Corp.	23-04-12	MT
Western Energy Services Corp. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
Western Energy Services Narrows Q4 Net Loss	23-02-28	MT
Western Energy Services Corp. Brief: Generated a Net Loss of $3.1 million in Q4 2022 ($0.09 net loss per basic common share) Vs Net Loss of $6.0 million in the same period in 2021 ($0.90 net loss per basic common share	23-02-28	MT
Western Energy Services Corp. Brief: Fourth quarter revenue increased by $19.4 million or 47%, to $60.8 million in 2022 as compared to $41.4 million in the fourth quarter of 2021	23-02-28	MT
Western Energy Services Details 2023 Capital Budget of $30 Million	23-01-13	MT

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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

2024-04-24 - Annual General Meeting

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.8 CAD

Average target price

2.875 CAD

Spread / Average Target

+2.68%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Oil & Gas Drilling

	1st Jan change	Capi.
WESTERN ENERGY SERVICES CORP.	-5.72%	69.03M
ADNOC DRILLING COMPANY	+2.91%	16.9B
CHINA OILFIELD SERVICES LIMITED	+10.15%	9.58B
NOBLE CORPORATION PLC	-4.17%	6.62B
ADES HOLDING COMPANY	-15.67%	5.91B
VALARIS LIMITED	-0.60%	4.94B
TRANSOCEAN LTD.	-8.50%	4.81B
PATTERSON-UTI ENERGY, INC.	+5.00%	4.57B
HELMERICH & PAYNE, INC.	+13.83%	4.07B
SINOPEC OILFIELD SERVICE CORPORATION	+5.15%	3.85B

Other Oil & Gas Drilling

Western Energy Services Corp.

Equities

WRG

CA9581596009

Oil & Gas Drilling

Western Energy: Q2 Earnings Snapshot

Latest news about Western Energy Services Corp.

Chart Western Energy Services Corp.

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Income Statement Evolution

Ratings for Western Energy Services Corp.

Analysts' Consensus

Quarterly revenue - Rate of surprise

Sector Other Oil & Gas Drilling