Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CA$0.052 (vs CA$0.067 in 1Q 2025) First quarter 2026 results: EPS: CA$0.052 (down from CA$0.067 in 1Q 2025). Revenue: CA$55.3m (down 20% from 1Q 2025). Net income: CA$1.77m (down 22% from 1Q 2025). Profit margin: 3.2% (down from 3.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 25
Price target increased by 8.7% to CA$3.13 Up from CA$2.88, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CA$3.19. Stock is up 44% over the past year. The company posted a net loss per share of CA$0.77 last year. Reported Earnings • Feb 26
Full year 2025 earnings released: CA$0.77 loss per share (vs CA$0.21 loss in FY 2024) Full year 2025 results: CA$0.77 loss per share (further deteriorated from CA$0.21 loss in FY 2024). Revenue: CA$217.5m (down 2.5% from FY 2024). Net loss: CA$26.0m (loss widened 263% from FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Feb 25
Western Energy Services Corp., Annual General Meeting, Apr 29, 2026 Western Energy Services Corp., Annual General Meeting, Apr 29, 2026. Reported Earnings • Oct 23
Third quarter 2025 earnings released: CA$0.069 loss per share (vs CA$0.037 loss in 3Q 2024) Third quarter 2025 results: CA$0.069 loss per share (further deteriorated from CA$0.037 loss in 3Q 2024). Revenue: CA$50.0m (down 14% from 3Q 2024). Net loss: CA$2.35m (loss widened 87% from 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 22
Price target increased by 9.5% to CA$2.88 Up from CA$2.63, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CA$2.03. Stock is down 23% over the past year. The company posted a net loss per share of CA$0.21 last year. Announcement • Aug 16
Western Energy Services Corp. Announces Chief Financial Officer Changes, Effective September 15, 2025 Western Energy Services Corp. announced the appointment of Orson Ross as Chief Financial Officer ("CFO") of Western effective September 15, 2025. Over his 25+ year career Mr. Ross has held various executive level finance roles in publicly traded companies. Mr. Ross's most recent roles include Chief Financial Officer at Cleantek Industries Inc., and VP, Finance at Dexterra Group Inc. and Source Energy Services. With this appointment, interim CFO Chantel Calancia will return to her role as Director, External Reporting. Reported Earnings • Jul 25
Second quarter 2025 earnings released: CA$0.14 loss per share (vs CA$0.15 loss in 2Q 2024) Second quarter 2025 results: CA$0.14 loss per share (improved from CA$0.15 loss in 2Q 2024). Revenue: CA$40.0m (down 7.0% from 2Q 2024). Net loss: CA$4.62m (loss narrowed 12% from 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 12
Price target decreased by 7.1% to CA$2.63 Down from CA$2.83, the current price target is an average from 2 analysts. New target price is 12% above last closing price of CA$2.35. Stock is down 15% over the past year. The company posted a net loss per share of CA$0.21 last year. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Tomer Cohen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CA$0.067 (vs CA$0.044 in 1Q 2024) First quarter 2025 results: EPS: CA$0.067 (up from CA$0.044 in 1Q 2024). Revenue: CA$69.0m (up 11% from 1Q 2024). Net income: CA$2.26m (up 51% from 1Q 2024). Profit margin: 3.3% (up from 2.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 16
Price target decreased by 9.6% to CA$2.83 Down from CA$3.13, the current price target is an average from 2 analysts. New target price is 35% above last closing price of CA$2.10. Stock is down 25% over the past year. The company posted a net loss per share of CA$0.21 last year. Reported Earnings • Feb 28
Full year 2024 earnings released: CA$0.21 loss per share (vs CA$0.21 loss in FY 2023) Full year 2024 results: CA$0.21 loss per share (improved from CA$0.21 loss in FY 2023). Revenue: CA$223.1m (down 4.4% from FY 2023). Net loss: CA$7.16m (flat on FY 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Announcement • Feb 17
Western Energy Services Corp., Annual General Meeting, Apr 23, 2025 Western Energy Services Corp., Annual General Meeting, Apr 23, 2025. Location: alberta, calgary Canada Announcement • Jan 31
Western Energy Services Corp. Announces Chief Executive Officer Changes Western Energy Services Corp. announced that Alex R.N. MacAusland, Chief Executive Officer of the company, has decided to retire from his role at the Company, effective immediately. Mr. MacAusland was a founder of Western and has served as Chief Executive Officer since 2013. He has served as an officer at Western and its predecessors for almost 20 years. Mr. MacAusland capably led Western through significant challenges faced by companies in the Canadian energy industry in recent years, including to oversee a significant recapitalization transaction in 2022. These efforts have provided Western with a strong balance sheet that leaves it well positioned to build its business as energy market conditions improve. The Board plans to initiate a search to identify a permanent replacement for Mr. MacAusland. Gavin Lane, Western's Chief Financial Officer, will serve as Chief Executive Officer on an interim basis while the search proceeds. Mr. Lane has served as Chief Financial Officer of Western since June 2024. Prior to that, Mr. Lane held executive-level operational and finance roles in private and publicly-traded companies for 20 years, including senior executive roles in a number of energy services companies. Reported Earnings • Oct 30
Third quarter 2024 earnings released: CA$0.037 loss per share (vs CA$0.04 loss in 3Q 2023) Third quarter 2024 results: CA$0.037 loss per share (improved from CA$0.04 loss in 3Q 2023). Revenue: CA$58.3m (up 6.1% from 3Q 2023). Net loss: CA$1.26m (loss narrowed 7.0% from 3Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 24
Second quarter 2024 earnings released: CA$0.15 loss per share (vs CA$0.23 loss in 2Q 2023) Second quarter 2024 results: CA$0.15 loss per share (improved from CA$0.23 loss in 2Q 2023). Revenue: CA$43.0m (flat on 2Q 2023). Net loss: CA$5.25m (loss narrowed 32% from 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.8% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Announcement • Jun 18
Western Energy Services Corp. Announces the Appointment of Gavin Lane as Chief Financial Officer Western Energy Services Corp. announced the appointment of Gavin Lane as Chief Financial Officer effective immediately. Over his 19+ year career, Mr. Lane has held executive-level finance roles in both private and publicly traded companies. Mr. Lane's previous roles include Chief Financial Officer at Indigena Drilling Inc. and BTG Energy Corp., and Vice-President Finance at Trinidad Drilling Inc. Recent Insider Transactions • Jun 04
Insider recently sold CA$521k worth of stock On the 29th of May, Jeffrey Bowers sold around 189k shares on-market at roughly CA$2.75 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$557k more than they bought in the last 12 months. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CA$0.044 (vs CA$0.13 in 1Q 2023) First quarter 2024 results: EPS: CA$0.044 (down from CA$0.13 in 1Q 2023). Revenue: CA$62.0m (down 22% from 1Q 2023). Net income: CA$1.50m (down 65% from 1Q 2023). Profit margin: 2.4% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 9.6% decline forecast for the Energy Services industry in Canada. Buy Or Sell Opportunity • Apr 23
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CA$2.75. The fair value is estimated to be CA$3.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 29
Full year 2023 earnings released: CA$0.21 loss per share (vs CA$1.23 profit in FY 2022) Full year 2023 results: CA$0.21 loss per share (down from CA$1.23 profit in FY 2022). Revenue: CA$233.5m (up 17% from FY 2022). Net loss: CA$7.21m (down 125% from profit in FY 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 10% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 27
Price target decreased by 7.7% to CA$3.00 Down from CA$3.25, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CA$2.65. Stock is down 17% over the past year. The company posted earnings per share of CA$1.23 last year. Announcement • Feb 17
Western Energy Services Corp., Annual General Meeting, Apr 24, 2024 Western Energy Services Corp., Annual General Meeting, Apr 24, 2024. Price Target Changed • Jan 10
Price target decreased by 7.4% to CA$3.13 Down from CA$3.38, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CA$2.75. Stock is down 18% over the past year. The company posted earnings per share of CA$1.23 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings released: CA$0.04 loss per share (vs CA$0.024 profit in 3Q 2022) Third quarter 2023 results: CA$0.04 loss per share (down from CA$0.024 profit in 3Q 2022). Revenue: CA$55.0m (down 6.0% from 3Q 2022). Net loss: CA$1.36m (down 266% from profit in 3Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 10% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 26
Price target decreased by 8.5% to CA$3.25 Down from CA$3.55, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CA$3.25. Stock is up 0.3% over the past year. The company posted earnings per share of CA$1.23 last year. Buying Opportunity • Oct 05
Now 22% undervalued Over the last 90 days, the stock is up 6.3%. The fair value is estimated to be CA$4.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Aug 31
Now 23% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be CA$4.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 26
Second quarter 2023 earnings released: CA$0.23 loss per share (vs CA$2.16 profit in 2Q 2022) Second quarter 2023 results: CA$0.23 loss per share (down from CA$2.16 profit in 2Q 2022). Revenue: CA$43.0m (up 40% from 2Q 2022). Net loss: CA$7.74m (down 122% from profit in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 26
Now 22% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be CA$4.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 27
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$79.2m (up 57% from 1Q 2022). Net income: CA$4.25m (up CA$8.25m from 1Q 2022). Profit margin: 5.4% (up from net loss in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.5% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 20
Price target decreased by 16% to CA$3.58 Down from CA$4.25, the current price target is an average from 2 analysts. New target price is 36% above last closing price of CA$2.62. Stock is down 89% over the past year. The company posted earnings per share of CA$1.23 last year. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CA$1.23 (vs CA$47.46 loss in FY 2021) Full year 2022 results: EPS: CA$1.23 (up from CA$47.46 loss in FY 2021). Revenue: CA$200.3m (up 52% from FY 2021). Net income: CA$29.0m (up CA$65.1m from FY 2021). Profit margin: 14% (up from net loss in FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to CA$5.00 Down from CA$6.00, the current price target is provided by 1 analyst. New target price is 44% above last closing price of CA$3.47. Stock is down 92% over the past year. The company posted a net loss per share of CA$47.46 last year. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 26% share price gain to CA$3.81, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 8x in the Energy Services industry in Canada. Total loss to shareholders of 85% over the past three years. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CA$0.024 (vs CA$14.03 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.024 (up from CA$14.03 loss in 3Q 2021). Revenue: CA$58.5m (up 77% from 3Q 2021). Net income: CA$816.0k (up CA$11.5m from 3Q 2021). Profit margin: 1.4% (up from net loss in 3Q 2021). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 09
Price target decreased to CA$5.00 Down from CA$6.00, the current price target is provided by 1 analyst. New target price is 75% above last closing price of CA$2.86. Stock is down 92% over the past year. The company posted a net loss per share of CA$47.46 last year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CA$3.74, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 11x in the Energy Services industry in Canada. Total loss to shareholders of 85% over the past three years. Board Change • Jul 31
High number of new directors Independent Director Colleen Cebuliak was the last director to join the board, commencing their role in 2022. Reported Earnings • Jul 26
Second quarter 2022 earnings released: EPS: CA$0.018 (vs CA$0.14 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.018 (up from CA$0.14 loss in 2Q 2021). Revenue: CA$30.6m (up 50% from 2Q 2021). Net income: CA$35.4m (up CA$48.3m from 2Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 25
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 83%. The fair value is estimated to be CA$0.048, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has grown by 14%. Buying Opportunity • Jul 05
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 85%. The fair value is estimated to be CA$0.048, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has grown by 14%. Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Lorne Gartner was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Western Energy Services Corp. Announces Board Changes Western Energy Services Corp. announced that at its annual meeting of shareholders held on June 29, 2022, approved the election of Trent Boehm, Colleen Cebuliak and Tomer Cohen as Directors. The company warmly recognize the service of two directors who did not stand for re-election at this meeting. Donald D. Copeland served as a director of Western since 2011. His extensive background and experience, in the drilling industry, in other oilfield services, and in hydrocarbon exploration and production, have proven invaluable to the Company for more than a decade. Mr. George S. Armoyan and his family represent the second-largest shareholder of Western. He is a seasoned investor and entrepreneur, with significant expertise in real estate, oil and gas and oilfield services. Mr. Armoyan has been well-engaged in the recent transformative transactions at Western. Recent Insider Transactions • Jun 15
Insider recently bought CA$90k worth of stock On the 13th of June, Trent Boehm bought around 2m shares on-market at roughly CA$0.045 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jun 09
Western Energy Services Corp., Annual General Meeting, Jun 29, 2022 Western Energy Services Corp., Annual General Meeting, Jun 29, 2022, at 13:30 Mountain Daylight. Location: Western's Head Office - 1700, 215 9th Avenue SW calgary, Alberta, T2P 1K3 Calgary Canada Agenda: To consider and approve the audited financial statements of Western for the financial year ended December 31, 2021 and the auditor's report; to consider and approve the election of the board of directors of Western for the ensuing year; to consider and approve the appointment of deloitte LLP, of calgary, alberta, as western's independent auditors for the ensuing year and authorize the directors to set their compensation; and to consider other matters. Announcement • May 20
Western Energy Services Corp. has completed a Follow-on Equity Offering in the amount of CAD 31.50188 million. Western Energy Services Corp. has completed a Follow-on Equity Offering in the amount of CAD 31.50188 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,968,867,475
Price\Range: CAD 0.016
Transaction Features: Rights Offering Recent Insider Transactions Derivative • May 19
Independent Director exercised options to buy CA$586k worth of stock. On the 13th of May, Donald Copeland exercised options to buy 20m shares at a strike price of around CA$0.016, costing a total of CA$312k. This transaction amounted to 2,145% of their direct individual holding at the time of the trade. Since September 2021, Donald has owned 910.11k shares directly. Company insiders have collectively bought CA$309k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: CA$0.044 loss per share (vs CA$0.071 loss in 1Q 2021) First quarter 2022 results: CA$0.044 loss per share (up from CA$0.071 loss in 1Q 2021). Revenue: CA$50.5m (up 37% from 1Q 2021). Net loss: CA$3.99m (loss narrowed 38% from 1Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CA$0.04 Down from CA$0.35, the current price target is provided by 1 analyst. New target price is 82% below last closing price of CA$0.23. Stock is down 55% over the past year. The company posted a net loss per share of CA$0.40 last year. Announcement • Apr 22
Western Energy Services Corp. to Report Q1, 2022 Results on May 05, 2022 Western Energy Services Corp. announced that they will report Q1, 2022 results After-Market on May 05, 2022 Reported Earnings • Oct 28
Third quarter 2021 earnings released: CA$0.12 loss per share (vs CA$0.12 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: CA$33.0m (up 145% from 3Q 2020). Net loss: CA$10.7m (loss widened 2.0% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 28
Second quarter 2021 earnings released: CA$0.14 loss per share (vs CA$0.088 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CA$20.4m (up 89% from 2Q 2020). Net loss: CA$12.9m (loss widened 62% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 28
First quarter 2021 earnings released: CA$0.071 loss per share (vs CA$0.17 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$37.0m (down 29% from 1Q 2020). Net loss: CA$6.48m (loss narrowed 58% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: CA$0.45 loss per share (vs CA$0.88 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CA$103.7m (down 47% from FY 2019). Net loss: CA$41.3m (loss narrowed 49% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 28% per year. Reported Earnings • Feb 27
Full year 2020 earnings released: CA$0.45 loss per share (vs CA$0.88 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CA$103.7m (down 47% from FY 2019). Net loss: CA$41.3m (loss narrowed 49% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 30% per year. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 38% while theEnergy Services industry in Canada is not expected to grow. Announcement • Feb 19
Western Energy Services Corp., Annual General Meeting, Apr 27, 2021 Western Energy Services Corp., Annual General Meeting, Apr 27, 2021. Is New 90 Day High Low • Dec 19
New 90-day high: CA$0.36 The company is up 38% from its price of CA$0.27 on 18 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Dec 01
New 90-day high: CA$0.33 The company is up 27% from its price of CA$0.26 on 01 September 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CA$86.1m, with losses widening by 122% from the prior year. Total revenue was CA$121.8m over the last 12 months, down 43% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 28
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 2.6% at CA$13.4m. Revenue is expected to shrink by 13% over the next year, compared to a 22% decline forecast for the Energy Services industry in Canada. Is New 90 Day High Low • Oct 16
New 90-day high: CA$0.30 The company is up 15% from its price of CA$0.26 on 17 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Price Target Changed • Oct 01
Price target lowered to CA$0.15 Down from CA$0.17, the current price target is an average from 3 analysts. The new target price is 44% below the current share price of CA$0.27. As of last close, the stock is up 17% over the past year. 
