WRG Stock Overview
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States.
Western Energy Services Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.045|
|52 Week High||CA$0.50|
|52 Week Low||CA$0.02|
|1 Month Change||12.50%|
|3 Month Change||-78.57%|
|1 Year Change||-90.43%|
|3 Year Change||-80.00%|
|5 Year Change||-97.43%|
|Change since IPO||-99.88%|
Recent News & Updates
Estimating The Fair Value Of Western Energy Services Corp. (TSE:WRG)
Today we will run through one way of estimating the intrinsic value of Western Energy Services Corp. ( TSE:WRG ) by...
|WRG||CA Energy Services||CA Market|
Return vs Industry: WRG underperformed the Canadian Energy Services industry which returned -1.2% over the past year.
Return vs Market: WRG underperformed the Canadian Market which returned -5.7% over the past year.
|WRG Average Weekly Movement||34.3%|
|Energy Services Industry Average Movement||8.0%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||17.2%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: WRG is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 34% a week.
Volatility Over Time: WRG's weekly volatility has increased from 23% to 34% over the past year.
About the Company
|2013||566||Alex R. MacAusland||https://www.wesc.ca|
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment.
Western Energy Services Fundamentals Summary
|WRG fundamental statistics|
Is WRG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WRG income statement (TTM)|
|Cost of Revenue||CA$107.71m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.0083|
|Net Profit Margin||-23.17%|
How did WRG perform over the long term?See historical performance and comparison
Is WRG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WRG?
Other financial metrics that can be useful for relative valuation.
|What is WRG's n/a Ratio?|
Price to Sales Ratio vs Peers
How does WRG's PS Ratio compare to its peers?
|WRG PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: WRG is expensive based on its Price-To-Sales Ratio (1.3x) compared to the peer average (0.7x).
Price to Earnings Ratio vs Industry
How does WRG's PE Ratio compare vs other companies in the Canadian Energy Services Industry?
Price-To-Sales vs Industry: WRG is expensive based on its Price-To-Sales Ratio (1.3x) compared to the Canadian Energy Services industry average (0.7x)
Price to Sales Ratio vs Fair Ratio
What is WRG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.3x|
|Fair PS Ratio||1.1x|
Price-To-Sales vs Fair Ratio: WRG is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).
Share Price vs Fair Value
What is the Fair Price of WRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WRG (CA$0.05) is trading below our estimate of fair value (CA$0.05)
Significantly Below Fair Value: WRG is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WRG's PEG Ratio to determine if it is good value.
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How is Western Energy Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (1.6%).
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 WRG's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WRG's revenue (26.6% per year) is forecast to grow faster than the Canadian market (6.6% per year).
High Growth Revenue: WRG's revenue (26.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WRG's Return on Equity is forecast to be high in 3 years time
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How has Western Energy Services performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 0.4% 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 (-8%).
Return on Equity
High ROE: WRG has a negative Return on Equity (-18.28%), as it is currently unprofitable.
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How is Western Energy Services's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: WRG's short term assets (CA$48.7M) do not cover its short term liabilities (CA$254.7M).
Long Term Liabilities: WRG's short term assets (CA$48.7M) exceed its long term liabilities (CA$20.9M).
Debt to Equity History and Analysis
Debt Level: WRG's net debt to equity ratio (127%) is considered high.
Reducing Debt: WRG's debt to equity ratio has increased from 65.6% to 131.6% over the past 5 years.
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 2.4% per year.
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What is Western Energy Services's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: WRG is not paying a notable dividend for the Canadian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as WRG has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex R. MacAusland (52 yo)
Mr. Alex R. N. MacAusland has been the Chief Executive Officer of Western Energy Services Corp. since December 1, 2013 and its President since December 8, 2009. Mr. MacAusland is a founder of Western. Mr....
CEO Compensation Analysis
Compensation vs Market: Alex R.'s total compensation ($USD600.35K) is above average for companies of similar size in the Canadian market ($USD175.39K).
Compensation vs Earnings: Alex R.'s compensation has been consistent with company performance over the past year.
Experienced Management: WRG's management team is seasoned and experienced (12.5 years average tenure).
Experienced Board: WRG's board of directors are seasoned and experienced ( 11.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WRG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 4352.5%.
Western Energy Services Corp.'s employee growth, exchange listings and data sources
- Name: Western Energy Services Corp.
- Ticker: WRG
- Exchange: TSX
- Founded: 2013
- Industry: Oil and Gas Drilling
- Sector: Energy
- Implied Market Cap: CA$182.730m
- Shares outstanding: 4.06b
- Website: https://www.wesc.ca
Number of Employees
- Western Energy Services Corp.
- 215 – 9th Avenue SW
- Suite 1700
- T2P 1K3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.