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Last C$6.36 CAD
Change Today +0.14 / 2.25%
Volume 97.3K
WRG On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 4:00 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

western energy services corp (WRG) Snapshot

Open
C$6.17
Previous Close
C$6.22
Day High
C$6.49
Day Low
C$6.17
52 Week High
07/3/14 - C$11.55
52 Week Low
01/29/15 - C$4.88
Market Cap
474.3M
Average Volume 10 Days
106.8K
EPS TTM
C$0.60
Shares Outstanding
74.6M
EX-Date
06/26/15
P/E TM
10.6x
Dividend
C$0.30
Dividend Yield
4.72%
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 to oil and natural gas exploration and production companies in Canada and the United States. It also offers well services, including completion, production workovers, and abandonment services, as well as various maintenance activities on producing shallow to deep oil and natural gas wells. In addition, 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; and a fleet of 65 service rigs comprising 32 singles, 26 doubles, and 7 slant service rigs. The company is headquartered in Calgary, Canada.

western energy services corp (WRG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$400.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$350.0K
Senior Vice President of Operations
Total Annual Compensation: C$300.0K
Senior Vice President of Operations
Total Annual Compensation: C$285.2K
Vice President of Corporate Finance
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2014.

western energy services corp (WRG) Key Developments

Western Energy Services Corp. Announces Staff Cuts in First Quarter of 2015

Western Energy Services Corp. reluctantly laid off staff in response to lower rig utilization in the first quarter of 2015, with roughly 10% of salaried staff being affected.

Western Energy Services Corp. Reports Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Revises Capital Expenditures Guidance for the Year 2015; Declares Quarterly Dividend, Payable on July 16, 2015

Western Energy Services Corp. reported consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company has posted revenue of CAD 105,850,000 against CAD 161,416,000 a year ago. Adjusted EBITDA was CAD 40,637,000 against CAD 59,548,000 a year ago. Operating revenue was CAD 100,958,000 against CAD 149,627,000 a year ago. Cash flow from operating activities was CAD 39,337,000 against CAD 38,634,000 a year ago. Capital expenditures were CAD 17,863,000 against CAD 20,129,000 a year ago. Net income was CAD 15,294,000 or CAD 0.20 per basic and diluted share against CAD 25,500,000 or CAD 0.34 per diluted share a year ago. EBITDA was CAD 40,268,000 against CAD 58,290,000 a year ago. Net debt was CAD 203,897,000 against CAD 202,565,000 a year ago. For the quarter, the company has posted drilling rig utilization per revenue day was 54% against 89% year ago. Drilling rig utilization rate per operating day was 49% against 81% a year ago. CAODC industry average utilization rate was 35% against 61% a year ago. The company revised capital expenditures guidance for the year 2015. For the year, the company revised total capital budget was CAD 42 million compared to CAD 46 million previous guidance. On April 30, 2015, the company's board of directors declared quarterly dividend of CAD 0.075 per share, which will be paid on July 16, 2015, to shareholders of record at the close of business on June 30, 2015. The dividends are eligible dividends for Canadian income tax purposes. On a prospective basis, the declaration of dividends will be determined on a quarter-by-quarter basis by the Board of Directors.

Western Energy Services Corp. to Report Q1, 2015 Results on Apr 30, 2015

Western Energy Services Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 30, 2015

 

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WRG:CN C$6.36 CAD +0.14

WRG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AKITA Drilling Ltd C$10.24 CAD -0.06
CanElson Drilling Inc C$4.07 CAD +0.10
Savanna Energy Services Corp C$1.82 CAD +0.11
Trinidad Drilling Ltd C$4.74 CAD +0.12
Xtreme Drilling & Coil Services Corp C$2.73 CAD +0.03
View Industry Companies
 

Industry Analysis

WRG

Industry Average

Valuation WRG Industry Range
Price/Earnings 18.3x
Price/Sales 1.0x
Price/Book 0.8x
Price/Cash Flow 17.0x
TEV/Sales 0.3x
 | 

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