TSX:WRG

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Western Energy Services

Executive Summary

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Western Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WRG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: WRG's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

WRG

-0.8%

CA Energy Services

0.04%

CA Market


1 Year Return

56.1%

WRG

-39.5%

CA Energy Services

1.3%

CA Market

Return vs Industry: WRG exceeded the Canadian Energy Services industry which returned -40.6% over the past year.

Return vs Market: WRG exceeded the Canadian Market which returned 0.7% over the past year.


Shareholder returns

WRGIndustryMarket
7 Day3.2%-0.8%0.04%
30 Day25.5%34.4%10.9%
90 Day16.4%23.7%7.2%
1 Year56.1%56.1%-37.1%-39.5%5.0%1.3%
3 Year-70.6%-70.6%-62.2%-65.6%13.5%2.4%
5 Year-89.6%-89.7%-53.9%-60.6%54.2%30.5%

Long-Term Price Volatility Vs. Market

How volatile is Western Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Western Energy Services undervalued compared to its fair value and its price relative to the market?

0.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WRG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WRG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WRG is unprofitable, so we can't compare its PE Ratio to the CA Energy Services industry average.

PE vs Market: WRG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WRG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WRG is good value based on its PB Ratio (0.1x) compared to the CA Energy Services industry average (0.4x).


Next Steps

Future Growth

How is Western Energy Services forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

17.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if WRG's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if WRG's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WRG's revenue (17.5% per year) is forecast to grow faster than the Canadian market (6.2% per year).

High Growth Revenue: WRG's revenue (17.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WRG is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Western Energy Services performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WRG is currently unprofitable.

Growing Profit Margin: WRG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WRG is unprofitable, but has reduced losses over the past 5 years at a rate of 14.9% per year.

Accelerating Growth: Unable to compare WRG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WRG is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-56.7%).


Return on Equity

High ROE: WRG has a negative Return on Equity (-36.79%), as it is currently unprofitable.


Next Steps

Financial Health

How is Western Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: WRG's short term assets (CA$22.1M) exceed its short term liabilities (CA$16.5M).

Long Term Liabilities: WRG's short term assets (CA$22.1M) do not cover its long term liabilities (CA$237.9M).


Debt to Equity History and Analysis

Debt Level: WRG's debt to equity ratio (94.6%) is considered high.

Reducing Debt: WRG's debt to equity ratio has increased from 50.2% to 94.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable WRG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: WRG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 29.4% per year.


Next Steps

Dividend

What is Western Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate WRG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WRG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WRG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WRG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: WRG is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WRG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.5yrs

Average board tenure


CEO

Alex R. MacAusland (51 yo)

7yrs

Tenure

CA$897,889

Compensation

Mr. Alex R. N. MacAusland has been the Chief Executive Officer and President of Western Energy Services Corp. since December 1, 2013 and since December 8, 2009 Respectively. Mr. MacAusland served as the Ch...


CEO Compensation Analysis

Compensation vs Market: Alex R.'s total compensation ($USD694.02K) is above average for companies of similar size in the Canadian market ($USD166.28K).

Compensation vs Earnings: Alex R.'s compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Alex R. MacAusland
President7yrsCA$897.89k1.7%
CA$ 496.5k
John Rooney
Independent Director11yrsCA$79.98k0.70%
CA$ 204.0k
Ronald Mathison
Independent Chairman7yrsCA$86.17k9.03%
CA$ 2.6m
Donald Copeland
Independent Director9.5yrsCA$74.98k0.98%
CA$ 284.8k
Martin Abbott
Chairman of Stoneham Drilling Trustno datano datano data
Bruce Jones
Director of Stoneham Drilling Trustno datano datano data
Lorne Gartner
Independent Director9.5yrsCA$74.98k0.21%
CA$ 61.3k

9.5yrs

Average Tenure

63yo

Average Age

Experienced Board: WRG's board of directors are considered experienced (9.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Western Energy Services Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Western Energy Services Corp.
  • Ticker: WRG
  • Exchange: TSX
  • Founded:
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: CA$29.173m
  • Shares outstanding: 91.17m
  • Website: https://www.wesc.ca

Number of Employees


Location

  • Western Energy Services Corp.
  • 215 – 9th Avenue South West
  • Suite 1700
  • Calgary
  • Alberta
  • T2P 1K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WRGTSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 2004
W1T2DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2004
WEEE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2004

Biography

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 00:21
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.