Western Energy Services Corp.

Western Energy Services Corp.verified

WRG.TO

Price:

$2.65

Market Cap:

$89.68M

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. The Production Services segment offers well servicing rig and related equipment, as well as oilfield rental equipment services to other oilfield service companies. The company owns and operates 57 drilling rigs; and 63 service rigs. It serves crude oil and natural gas exploration and production companies. The company was incorporated in 2013 and is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Drilling

IPO Date

1997-01-10

Stock Exchange

TSX

Ticker

WRG.TO

The Current Ratio as of September 2024 (TTM) for Western Energy Services Corp. (WRG.TO) is 1.81

According to Western Energy Services Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.81. This represents a change of 1.97% compared to the average of 1.78 of the last 4 quarters.

Western Energy Services Corp. (WRG.TO) Historical Current Ratio (quarterly & annually)

How has WRG.TO Current Ratio performed in the past?

The mean historical Current Ratio of Western Energy Services Corp. over the last ten years is 1.88. The current 1.81 Current Ratio has changed 9.54% with respect to the historical average. Over the past ten years (40 quarters), WRG.TO's Current Ratio was at its highest in in the March 2016 quarter at 5.64. The Current Ratio was at its lowest in in the March 2022 quarter at 0.19.

Quarterly (TTM)
Annual

Average

1.88

Median

1.62

Minimum

1.06

Maximum

3.25

Western Energy Services Corp. (WRG.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Western Energy Services Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 64.82%

Maximum Annual Current Ratio = 3.25

Minimum Annual Increase = -43.58%

Minimum Annual Current Ratio = 1.06

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.656.53%
20221.5546.77%
20211.06-33.09%
20201.5829.97%
20191.22-15.48%
20181.44-43.58%
20172.551.45%
20162.52-22.65%
20153.2564.82%
20141.979.32%

Western Energy Services Corp. (WRG.TO) Average Current Ratio

How has WRG.TO Current Ratio performed in the past?

The current Current Ratio of Western Energy Services Corp. (WRG.TO) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.42

5-year avg

1.41

10-year avg

1.88

Western Energy Services Corp. (WRG.TO) Current Ratio vs. Peers

How is WRG.TO’s Current Ratio compared to its peers?

Western Energy Services Corp.’s Current Ratio is less than Essential Energy Services Ltd. (3.42), greater than Cathedral Energy Services Ltd. (1.46), greater than Total Energy Services Inc. (1.31), greater than PHX Energy Services Corp. (1.62), less than Calfrac Well Services Ltd. (2.31),

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