Last C$5.55 CAD
Change Today +0.11 / 2.02%
Volume 193.8K
WRG On Other Exchanges
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As of 4:00 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

western energy services corp (WRG) Snapshot

Open
C$5.45
Previous Close
C$5.44
Day High
C$5.66
Day Low
C$5.36
52 Week High
05/5/14 - C$11.70
52 Week Low
12/15/14 - C$4.91
Market Cap
415.6M
Average Volume 10 Days
261.2K
EPS TTM
C$0.82
Shares Outstanding
74.9M
EX-Date
12/29/14
P/E TM
6.8x
Dividend
C$0.30
Dividend Yield
5.41%
Current Stock Chart for WESTERN ENERGY SERVICES CORP (WRG)

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western energy services corp (WRG) Details

Western Energy Services Corp., an oilfield service company, provides contract drilling services oil and natural gas exploration and production companies in Canada and the United States. It provides well services for completion, production workover and abandonment services, and various maintenance activities on producing shallow to deep oil and natural gas wells. The company also offers oilfield equipment rental services. It operates a fleet of 54 drilling rigs, including 49 in Canada and 5 in the United States. The company is headquartered in Calgary, Canada.

1,436 Employees
Last Reported Date: 02/27/14

western energy services corp (WRG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$365.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$315.0K
Senior Vice President of Operations
Total Annual Compensation: C$260.0K
Vice President of Finance
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2013.

western energy services corp (WRG) Key Developments

Western Energy Services Corp. Presents at AltaCorp/ATB Energy Services Conference, Jan-13-2015

Western Energy Services Corp. Presents at AltaCorp/ATB Energy Services Conference, Jan-13-2015 . Venue: Shangri-La Hotel, 188 University Avenue, Toronto, Ontario, Canada.

Western Energy Services Corp. Announces Amendment of its Credit Facilities

Western Energy Services Corp. announced the increase to Western’s four year extendible revolving credit facility to $175 million with a maturity date extension to December 17, 2018, and an increase of Western’s operating demand revolving loan to $20 million. Both the Revolving Facility and the Operating Facility are currently undrawn, however the additional borrowing capacity on both facilities will continue to provide Western with significant financial flexibility with which to conduct its operations or allow for the execution on strategic opportunities as they arise. The syndicate of banks providing the credit facility has been expanded and includes Royal Bank of Canada, as the administrative agent, and Royal Bank of Canada, HSBC Bank Canada, Alberta Treasury Branches, The Bank of Nova Scotia and Wells Fargo Bank, N.A., Canadian Branch, as lenders.

Western Energy Services Corp. Provides Capital Budget for the Full Year of 2015

Western Energy Services Corp. announced its planned 2015 capital expenditure budget. Western's planned 2015 capital expenditure budget is expected to total approximately $64 million, which includes $22 million in carry forward from Western's 2014 capital program, $6 million in expansion capital, and $36 million in maintenance capital. The $22 million of carry forward from Western's 2014 capital program relates to the completion of two 5,000m telescopic ELR double drilling rigs, one 6,000m ELR AC triple pad drilling rig and one slant well servicing rig. Due to the recent decline in commodity prices, and the potential for an extended downturn in oilfield service activity, one of the previously announced 6,000m ELR AC triple pad drilling rigs has been postponed. The expansion capital of $6 million relates to additional oilfield rental equipment for Western's division Aero Rental Services. The maintenance capital of $36 million includes $27 million for the contract drilling segment and $9 million for the production services segment. Included in the maintenance capital budget is $6 million related to rotational equipment.

 

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WRG:CN C$5.55 CAD +0.11

WRG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CanElson Drilling Inc C$3.43 CAD -0.02
Ensign Energy Services Inc C$10.09 CAD +0.33
Savanna Energy Services Corp C$2.20 CAD 0.00
Trinidad Drilling Ltd C$4.58 CAD +0.12
Xtreme Drilling & Coil Services Corp C$1.77 CAD +0.05
View Industry Companies
 

Industry Analysis

WRG

Industry Average

Valuation WRG Industry Range
Price/Earnings 6.2x
Price/Sales 0.8x
Price/Book 0.6x
Price/Cash Flow 6.1x
TEV/Sales 0.1x
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