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Western Energy Services Corp (WRG) Fair Value & Analysis

Energy · CA · Market cap C$117M

WE Western Energy Services Corp WRG · TO
PriceC$3.33
Fair ValueC$6.00
Upside+80.2%
Quality94/100
Evidence: Medium Range C$6.00 – C$8.19

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from C$4.13 to C$6.00 (+45.3%) since Jun 23, 2026. Share price +8.9% over the past month.

Price vs Fair Value (12 months)

C$3.47 C$2.02 Fair Value C$6.00 Jun 2025 Jun 2026

12‑month range C$2.02 – C$3.47 · fair‑value band C$6.00 – C$8.19 · the C$3.33 price screens below the C$6.00 fair value. As of Jun 24, 2026.

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Analysis

Western Energy Services Corp (WRG) currently trades at C$3.33, while our model-based Fair Value estimate is C$6.00 — implying the stock looks roughly 80.2% undervalued today. We read business quality at 94/100 (high quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Western Energy Services Corp generated revenue of C$204M at a net margin of -13.0%. Revenue declined 19.9% year over year. It earns a return on equity of -9.3%. Net debt stands at C$92.4M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) C$204M
Revenue growth (YoY) -19.9%
Net margin -13.0%
Return on equity -9.3%
Free cash flow C$10.3M FY2025
Operating margin 4.9%
More key figures
EPS (TTM) C$-0.7800
EPS growth (YoY) -22.0%
Net debt C$92.4M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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. Its Production Services segment offers well servicing and related equipment, as well as rental equipment services. The company serves oil and natural gas exploration companies. Western Energy Services Corp. is headquartered in Calgary, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Western Energy Services Corp reported revenue of C$218M in FY2025 versus C$132M in FY2021, a compound +13.4%/yr. Reported net income was −C$26.0M in FY2025.

Revenue +13.4%/yr
FY21 C$132M
FY22 C$200M
FY23 C$233M
FY24 C$223M
FY25 C$218M
Net income
FY21 −C$35.8M
FY22 C$29.0M
FY23 −C$7.2M
FY24 −C$7.2M
FY25 −C$26.0M

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Similar stocks

6 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Noble Corporation NE $42.35 $23.09 -45%
Transocean Ltd RIG $5.41 $3.18 -41%
Valaris Limited VAL $79.92 $63.09 -21%
Sinopec Oilfield Service Corporation 600871 ¥2.16 ¥0.7200 -67%
Patterson-UTI Energy, Inc PTEN $11.51 $10.29 -11%
Helmerich & Payne, Inc HP $39.60 $38.26 -3%

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Frequently asked questions

Is Western Energy Services Corp (WRG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$6.00 versus a price of C$3.33 — about +80% (undervalued). Model-based estimate, not financial advice.
What is the fair value of WRG?
Our 21-model fair value for Western Energy Services Corp is C$6.00 (as of Jun 24, 2026), built from audited fundamentals. The current price is C$3.33.
What is the quality score of WRG?
Western Energy Services Corp has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Western Energy Services Corp (WRG)?
Western Energy Services Corp reported trailing-twelve-month revenue of about C$204M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of WRG?
The net profit margin of Western Energy Services Corp is about -13.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.