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Western Energy Services Corp. (WRG.TO)

CAD3.30 +0.00 (+0.00%)
CA TSX Energy Oil & Gas Drilling
Address 215 – 9th Avenue SW T2P 1K3
Calgary, AB, CA
CEO Gavin Bryan Forbister Lane
Website wesc.ca
IPO 1997-01-10
ISIN CA9581596009

Explore sections of this company profile

Also trades on Other OTC · WEEEF (USD) Toronto Stock Exchange · WRG.TO (CAD)
Description

Western Energy Services Corp. operates as an oilfield services provider across Canada and the United States. The company structures its operations into two primary divisions: Contract Drilling and Production Services. Through its Contract Drilling segment, it delivers specialized drilling services utilizing its fleet of drilling rigs and associated auxiliary equipment. The Production Services division, conversely, furnishes well servicing rigs and related machinery, in addition to offering oilfield equipment rental solutions to other companies within the sector. Western Energy Services boasts a substantial inventory of 57 drilling rigs and 63 service rigs. Its client base predominantly comprises enterprises involved in the exploration and production of crude oil and natural gas. The firm was established in 2013 and is headquartered in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD3.30 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
2.5K
Beta
0.52
Float Shares
22.38M
Free Float %
66.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.33% +0.33% +3.40% +20.63% +48.29% +45.45% +46.15% +22.09% -93.97% -99.13% -99.81%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.30
DCF (Unlevered) 21.74 +558.7%
DCF (Levered) 5.51 +66.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.08
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Drilling: +3.0%
    -2.5% Q1'26: -19.9% (vs Q1'25)
  • EPS growth Oil & Gas Drilling: +11.2%
    -266.7% Q1'26: -25.1% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Drilling: +61.3%
    +6.5% Q1'26: +5.7% (vs Q1'25)
  • EBIT margin Oil & Gas Drilling: +8.6%
    +3.6% Q1'26: +7.6% (vs Q1'25)
  • ROIC Oil & Gas Drilling: +4.0%
    +2.2% Q1'26: +4.0% (vs Q1'25)
  • Share dilution Oil & Gas Drilling: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Drilling: 1.42×
    1.93× Q1'26: 1.58× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.50) × ERP
WACC = 52% × Ke + 48% × Kd (9.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 21.74 Current price: 3.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
5.65M
est: 5.79M (-2.4%)
67.54M
est: 66.74M (+1.2%)
262.52M
est: 274.77M (-4.5%)
308.62M
est: 309.32M (-0.2%)
379.94M
est: 367.96M (+3.3%)
507.83M
est: 503.12M (+0.9%)
227.52M
est: 227.85M (-0.1%)
124.44M
est: 122.08M (+1.9%)
238.18M
est: 233.39M (+2.1%)
236.41M
est: 228.88M (+3.3%)
196.41M
est: 195.28M (+0.6%)
103.68M
est: 110.00M (-5.7%)
131.68M
est: 125.00M (+5.3%)
200.34M
est: 202.00M (-0.8%)
233.45M
est: 216.27M (+7.9%)
223.08M
est: 221.26M (+0.8%)
217.50M
est: 215.00M (+1.2%)
217.00M
214.20M – 219.80M
+0.9% YoY
234.50M
230.20M – 238.80M
+8.1% YoY
245.00M
241.14M – 248.86M
+4.5% YoY
EBITDA
-3.61M
est: 977.4K (-468.9%)
34.09M
est: -62.29M (+154.7%)
97.41M
est: 144.13M (-32.4%)
107.41M
est: 117.64M (-8.7%)
116.93M
est: 111.82M (+4.6%)
165.69M
est: 132.90M (+24.7%)
-81.26M
est: 56.32M (-244.3%)
-1.79M
est: -54.35M (+96.7%)
32.74M
est: -46.52M (+170.4%)
29.52M
est: 10.40M (+183.8%)
-30.39M
est: -5.63M (-439.6%)
10.33M
est: -33.99M (+130.4%)
22.44M
est: -37.36M (+160.1%)
37.94M
est: -58.75M (+164.6%)
45.34M
est: 60.48M (-25.0%)
42.65M
est: 61.87M (-31.1%)
49.27M
est: 60.12M (-18.1%)
60.68M
59.90M – 61.47M
+0.9% YoY
65.58M
64.37M – 66.78M
+8.1% YoY
68.51M
67.43M – 69.59M
+4.5% YoY
EBIT
-5.82M
est: -584.0K (-897.3%)
27.04M
est: -91.13M (+129.7%)
72.33M
est: 118.45M (-38.9%)
73.72M
est: 77.34M (-4.7%)
64.80M
est: 72.56M (-10.7%)
79.25M
est: 65.90M (+20.3%)
-121.25M
est: 27.07M (-548.0%)
-62.25M
est: -75.13M (+17.1%)
-33.70M
est: -159.20M (+78.8%)
-36.66M
est: -56.24M (+34.8%)
-93.56M
est: -30.03M (-211.5%)
-38.29M
est: -47.51M (+19.4%)
-19.79M
est: -52.22M (+62.1%)
46.50M
est: -82.11M (+156.6%)
3.18M
est: 42.96M (-92.6%)
1.48M
est: -142.90M (+101.0%)
7.88M
est: 42.70M (-81.6%)
43.10M
42.54M – 43.66M
+0.9% YoY
46.58M
45.72M – 47.43M
+8.1% YoY
48.66M
47.90M – 49.43M
+4.5% YoY
Net Income
-8.50M
est: -61.53M (+86.2%)
27.05M
est: -98.05M (+127.6%)
64.75M
est: 111.82M (-42.1%)
45.18M
est: 72.84M (-38.0%)
35.12M
est: 53.77M (-34.7%)
36.20M
est: 47.99M (-24.6%)
-129.42M
est: 16.67M (-876.2%)
-62.04M
est: -68.62M (+9.6%)
-37.53M
est: -117.68M (+68.1%)
-41.06M
est: -37.69M (-9.0%)
-81.03M
est: -34.58M (-134.3%)
-41.30M
est: -41.13M (-0.4%)
-35.81M
est: -45.21M (+20.8%)
29.00M
est: -71.09M (+140.8%)
-7.21M
-7.16M
est: -4.94M (-44.9%)
-26.00M
est: -605.8K (-4,191.6%)
1.69M
1.66M – 1.73M
+379.3% YoY
5.08M
4.97M – 5.18M
+200.0% YoY
7.11M
6.96M – 7.25M
+40.0% YoY
SGA
2.99M
est: 523.8K (+471.4%)
8.51M
est: 34.61M (-75.4%)
16.99M
est: 35.20M (-51.7%)
24.41M
est: 19.14M (+27.5%)
33.16M
est: 29.03M (+14.3%)
35.06M
est: 45.39M (-22.8%)
30.92M
est: 15.33M (+101.7%)
24.69M
est: 15.34M (+61.0%)
25.52M
est: 43.86M (-41.8%)
20.78M
est: 24.41M (-14.9%)
17.31M
est: 16.55M (+4.6%)
10.98M
est: 8.79M (+24.8%)
10.93M
est: 9.66M (+13.1%)
15.85M
est: 15.20M (+4.3%)
19.01M
est: 18.07M (+5.2%)
23.03M
est: 18.49M (+24.5%)
15.45M
est: 17.97M (-14.0%)
18.13M
17.90M – 18.37M
+0.9% YoY
19.60M
19.24M – 19.96M
+8.1% YoY
20.47M
20.15M – 20.80M
+4.5% YoY
EPS
-13.63
est: -1.82 (-649.7%)
12.39
est: 1.05 (+1,079.6%)
13.23
est: 0.99 (+1,232.1%)
8.15
est: 0.73 (+1,019.0%)
5.40
est: 0.45 (+1,107.3%)
5.19
est: 0.84 (+517.5%)
-18.46
est: -127.52 (+85.5%)
-8.91
est: -92.35 (+90.4%)
-5.12
est: -61.60 (+91.7%)
-4.71
est: -50.57 (+90.7%)
-9.30
est: -50.06 (+81.4%)
-4.80
est: -49.80 (+90.4%)
-47.03
est: -39.60 (-18.8%)
1.23
est: 0.97 (+26.8%)
-0.21
-0.21
est: -0.15 (-43.9%)
-0.77
est: -0.02 (-4,201.7%)
0.05
0.05 – 0.05
+379.3% YoY
0.15
0.15 – 0.15
+200.0% YoY
0.21
0.21 – 0.21
+40.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-27 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-26 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-25 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-22 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-20 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-19 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-15 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-14 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-13 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-08 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-06 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-05 B- 3/5 4/5 1/5 1/5 3/5 1/5 5/5
2026-05-01 B- 2/5 4/5 1/5 1/5 2/5 1/5 5/5
2026-04-30 B- 2/5 4/5 1/5 1/5 2/5 1/5 5/5
2026-04-29 B- 2/5 4/5 1/5 1/5 2/5 1/5 5/5
2026-04-28 B- 2/5 4/5 1/5 1/5 2/5 1/5 5/5
2026-04-27 B- 2/5 4/5 1/5 1/5 2/5 1/5 5/5
2026-04-24 B- 2/5 4/5 1/5 1/5 2/5 1/5 5/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 B- 2/5 5/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-38.01M
OE per share TTM
-1.12
Owner's Yield
-36.94%
Maintenance CapEx ratio
1,963.89%
Maint CapEx / Avg PPE
222.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
12.8K
Shares Outstanding
33.85M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Gavin Bryan Forbister Lane President, CEO & Additional Director 839.7K male
Jack R. Pepper Vice President of Operations & Business Development of Stoneham Drilling 588.6K male
Orson Ross CFO & Corporate Secretary 393.9K male
R. Ross Clancy Vice President of Production Services 383.6K male
April Williams Vice President of Human Resources female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits