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$0.36|
|52 Week High||CA$0.53|
|52 Week Low||CA$0.26|
|1 Month Change||-14.29%|
|3 Month Change||20.00%|
|1 Year Change||12.50%|
|3 Year Change||-34.54%|
|5 Year Change||-85.77%|
|Change since IPO||-99.06%|
Recent News & Updates
Calculating The Intrinsic Value Of Western Energy Services Corp. (TSE:WRG)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Western Energy...
Is Western Energy Services (TSE:WRG) Using Debt Sensibly?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Western Energy Services Corp.'s (TSE:WRG) CEO Might Not Expect Shareholders To Be So Generous This Year
Shareholders will probably not be too impressed with the underwhelming results at Western Energy Services Corp...
|WRG||CA Energy Services||CA Market|
Return vs Industry: WRG underperformed the Canadian Energy Services industry which returned 50.6% over the past year.
Return vs Market: WRG underperformed the Canadian Market which returned 22.1% over the past year.
|WRG Average Weekly Movement||13.1%|
|Energy Services Industry Average Movement||7.7%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.1%|
|10% least volatile stocks in CA Market||3.5%|
Stable Share Price: WRG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: WRG's weekly volatility (13%) has been stable over the past year.
About the Company
|n/a||747||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 to contracts with exploration and production companies.
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$87.54m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.41|
|Net Profit Margin||-31.80%|
How did WRG perform over the long term?See historical performance and comparison
Is Western Energy Services undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: WRG (CA$0.36) is trading above our estimate of fair value (CA$0.27)
Significantly Below Fair Value: WRG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WRG is unprofitable, so we can't compare its PE Ratio to the Canadian 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 (0.2x) compared to the CA Energy Services industry average (0.7x).
How is Western Energy Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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 earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WRG's revenue (18.8% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: WRG's revenue (18.8% per year) is forecast to grow slower 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
How has Western Energy Services performed over the past 5 years?
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 3.5% 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 (-2.7%).
Return on Equity
High ROE: WRG has a negative Return on Equity (-19.3%), as it is currently unprofitable.
How is Western Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: WRG's short term assets (CA$34.8M) exceed its short term liabilities (CA$34.1M).
Long Term Liabilities: WRG's short term assets (CA$34.8M) do not cover its long term liabilities (CA$233.8M).
Debt to Equity History and Analysis
Debt Level: WRG's net debt to equity ratio (119.3%) is considered high.
Reducing Debt: WRG's debt to equity ratio has increased from 63% to 121.1% 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 15.8% per year.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board 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 ($USD716.44K) is above average for companies of similar size in the Canadian market ($USD164.22K).
Compensation vs Earnings: Alex R.'s compensation has increased whilst the company is unprofitable.
Experienced Board: WRG's board of directors are seasoned and experienced ( 10.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Western Energy Services Corp.'s employee growth, exchange listings and data sources
- Name: Western Energy Services Corp.
- Ticker: WRG
- Exchange: TSX
- Founded: NaN
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: CA$33.010m
- Shares outstanding: 91.70m
- 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||2021/11/28 23:27|
|End of Day Share Price||2021/11/26 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.