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Western Energy Services Corp.

Energy CA WRG

2.58CAD
-(-%)

Last update at 2024-11-20T14:30:00Z

Day Range

2.582.58
LowHigh

52 Week Range

2.403.31
LowHigh

Fundamentals

  • Previous Close 2.58
  • Market Cap86.30M
  • Volume245
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA44.30M
  • Revenue TTM219.61M
  • Revenue Per Share TTM6.49
  • Gross Profit TTM 53.78M
  • Diluted EPS TTM-0.2

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 32.18M -39.26900M -55.91000M -111.80200M -54.69400M
Minority interest -0.32100M -0.32200M 1.67M 1.76M 1.99M
Net income 29.00M -35.81200M -41.30100M -81.03000M -41.06000M
Selling general administrative 15.85M 10.93M 10.98M 17.31M 20.77M
Selling and marketing expenses - - - - -
Gross profit 160.25M 89.65M 55.42M 133.24M -14.96800M
Reconciled depreciation 40.10M 42.02M 48.27M 63.17M 66.18M
Ebit -2.24500M -19.41000M -28.78300M -39.96500M -36.76000M
Ebitda 37.85M 22.61M 19.48M 23.20M 29.42M
Depreciation and amortization 40.10M 42.02M 48.27M 63.17M 66.18M
Non operating income net other - - - - -
Operating income -2.24500M -19.41000M -28.78300M -39.96500M -36.76000M
Other operating expenses 202.50M 150.91M 132.12M 235.92M 272.15M
Interest expense 14.32M 19.48M 17.62M 18.25M 18.03M
Tax provision 2.86M -3.45700M -14.60900M -30.77200M -13.63400M
Interest income 0.06M 19.65M 0.00400M 18.81M 18.63M
Net interest income -14.41600M -19.66400M -17.96300M -18.69700M -19.05000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 2.86M -3.45700M -14.60900M -30.77200M -13.63400M
Total revenue 200.34M 131.68M 103.68M 196.41M 236.41M
Total operating expenses 162.41M 108.88M 83.86M 172.76M 20.77M
Cost of revenue 40.10M 42.02M 48.27M 63.17M 251.38M
Total other income expense net 34.42M -19.85900M -27.12700M -71.83700M -17.93400M
Discontinued operations - - - - -
Net income from continuing ops 29.32M -35.81200M -41.30100M -81.03000M -41.06000M
Net income applicable to common shares 29.00M -36.13400M -41.25900M -80.95700M -41.15800M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 442.93M 475.71M 456.00M 495.62M 550.54M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 3.30M 1.16M 2.60M 2.86M 2.81M
Total liab 147.27M 173.18M 269.50M 273.15M 283.44M
Total stockholder equity 293.37M 300.59M 184.51M 220.80M 265.34M
Deferred long term liab - 0.12M - 0.09M 0.06M
Other current liab 15.09M 12.49M 13.39M 14.19M 16.43M
Common stock 521.60M 521.55M 441.67M 441.46M 441.79M
Capital stock 521.60M 521.55M 441.67M 441.46M 441.79M
Retained earnings -274.67500M -267.46800M -296.46700M -260.33300M -219.07400M
Other liab - 7.03M 4.49M 8.02M 22.77M
Good will - - - - -
Other assets - 0.32M 0.41M 0.09M 0.06M
Cash 5.93M 8.88M 7.48M 19.32M 4.01M
Cash and equivalents - 8.88M 7.48M 19.32M 4.01M
Total current liabilities 30.61M 39.62M 38.13M 27.50M 32.40M
Current deferred revenue 0.00000M - - - -
Net debt 102.85M 122.81M 232.94M 222.67M 229.13M
Short term debt 4.05M 5.16M 13.54M 4.36M 4.88M
Short long term debt 0.49M -0.49600M 7.09M -0.63200M -0.86700M
Short long term debt total 115.22M 131.69M 240.42M 241.99M 233.15M
Other stockholder equity 20.37M 17.66M 15.76M 15.68M 15.46M
Property plant equipment - 413.84M 415.25M 452.04M 511.05M
Total current assets 50.73M 61.54M 40.35M 43.50M 39.43M
Long term investments - - - - -
Net tangible assets - 300.59M 184.51M 220.80M 265.34M
Short term investments 0.20M - - - 0.39M
Net receivables 33.07M 47.44M 26.68M 18.25M 29.49M
Long term debt 109.28M 123.62M 221.71M 231.78M 220.14M
Inventory 3.58M 4.07M 3.60M 3.07M 3.11M
Accounts payable 11.47M 21.97M 11.20M 8.95M 11.09M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 26.07M 28.84M 23.54M 24.00M 27.16M
Additional paid in capital - - - - -
Common stock total equity - - - 441.46M 441.79M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.12M 0.32M 0.41M 0.09M 0.06M
Deferred long term asset charges - - - - -
Non current assets total 392.20M 414.16M 415.65M 452.13M 511.11M
Capital lease obligations 4.36M 5.33M 7.62M 8.70M 11.73M
Long term debt total - 126.53M 226.88M 237.63M 228.27M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -28.95200M -5.68700M -3.00900M -8.96000M -19.47000M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -28.95200M -5.68700M -3.00900M -8.96000M -19.47000M
Net borrowings -16.35900M -8.11100M 8.07M -5.14700M -39.78000M
Total cash from financing activities 1.81M -22.78800M -9.40700M -22.70300M -58.53500M
Change to operating activities -11.39300M -6.41500M 5.86M 7.41M 1.58M
Net income 29.32M -35.81200M -41.30100M -81.03000M -41.06000M
Change in cash 1.40M -11.84400M 15.31M 0.06M -44.86500M
Begin period cash flow 7.48M 19.32M 4.01M 3.96M 48.83M
End period cash flow 8.88M 7.48M 19.32M 4.01M 3.96M
Total cash from operating activities 28.54M 16.63M 27.72M 31.72M 33.14M
Issuance of capital stock 31.52M 0.01M - - 0.00000M
Depreciation 40.10M 42.02M 48.27M 63.17M 66.18M
Other cashflows from investing activities 5.28M -1.03300M -0.77000M -1.93300M -0.16900M
Dividends paid 0.00000M - - - -
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock 0.02M 0.01M -0.47800M - 0.00000M
Other cashflows from financing activities -13.35400M -14.69100M -2.31300M -17.15000M 208.14M
Change to netincome -29.30900M 16.96M 14.50M 41.64M 6.00M
Capital expenditures 34.23M 6.87M 2.79M 7.97M 19.96M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -11.39300M -6.41500M 5.86M 7.41M 1.58M
Stock based compensation 1.99M 0.28M 0.36M 0.60M 1.00M
Other non cash items -34.32900M 20.01M 29.14M 72.35M 19.07M
Free cash flow -5.68700M 9.77M 24.93M 23.75M 13.18M

Peer Comparison

Sector: Energy Industry: Oil & Gas Drilling

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
WRG
Western Energy Services Corp.
- -% 2.58 - 10.81 0.41 0.31 0.87 4.43
PD
Precision Drilling Corporation
2.45 2.80% 90.09 5.42 9.78 0.65 0.76 1.08 3.55
ESI
Ensign Energy Services Inc
0.06 1.84% 3.04 17.76 17.27 0.33 0.42 0.97 3.46
PHX
PHX Energy Services Corporation
-0.15 1.57% 9.41 6.32 7.91 0.69 2.11 0.75 3.81
ACX
ACT Energy Technologies Ltd.
0.02 0.33% 6.10 - 5.90 0.37 1.09 0.53 3.36

Reports Covered

Stock Research & News

Profile

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 rental equipment services. Western Energy Services Corp. is headquartered in Calgary, Canada.

Western Energy Services Corp.

1700, 215 ? 9th Avenue SW, Calgary, AB, Canada, T2P 1K3

Key Executives

Name Title Year Born
Mr. Alex R. N. MacAusland Pres, CEO & Director 1969
Mr. Jeffrey Keith Bowers Sr. VP of Fin., CFO & Corp. Sec. NA
Mr. Peter John Balkwill CA VP of Fin. NA
Mr. Jack R. Pepper VP of Operations & Bus. Devel. of Stoneham Drilling NA
Mr. J. Aaron MacAusland VP of Operations of Horizon Drilling NA
Ms. April Williams VP of HR NA
Mr. Daniel Vern Lundstrom VP Of Health, Safety And Environment NA
Mr. Alex R. N. MacAusland President, CEO & Director 1969
Mr. Jack R. Pepper Vice President of Operations & Business Development of Stoneham Drilling NA
Mr. J. Aaron MacAusland Vice President of Operations of Horizon Drilling NA

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