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Home CompaniesWestern Energy Services Corp.

Western Energy Services Corp.

Energy Oil & Gas Drilling
PortfolioPortfolio WatchlistWatchlist
Company price
3.84 CAD -0.16 ( 4.00%)
Last update at 2026-11-03T20:49:00Z
VOLUME
2405
Market Cap
101.87M

Momentum Score

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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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
3.84
Low
4.20
High
52 Week Price Range
2.01
Low
3.68
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Western Energy Services Corp. provides contract drilling and related well services to onshore oil and gas producers in North America. Investors may find the company attractive for exposure to cyclical recovery in producer capital spending and potential upside from better fleet utilization.

Key risks include sensitivity to oil and gas prices that drive demand, intense competition and pricing pressure, capital-intensive operations and operational and regulatory/environmental risks.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
4.00
Dividend Yield
-
Revenue TTM
217.50M
Revenue Per Share
6.43
Gross Profit TTM
64.72M
Debt / Equity
0.36
ROE
-9.13%
Net Debt
92.36M
ROCE
2.24%
Diluted EPS TTM
-0.76

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -28.73M -8.58M -8.27M 32.18M -39.27M
Minority interest -0.37M -0.29M -0.32M -0.32M -0.32M
Net income -26.00M -7.16M -7.21M 29.00M -35.81M
Selling general administrative 15.45M 23.03M 16.25M 15.85M 10.93M
Selling and marketing expenses - - 2.76M - -
Gross profit 23.33M 182.03M 21.82M 160.25M 89.65M
Reconciled depreciation 41.39M 41.04M 42.16M 40.10M 42.02M
Ebit 7.88M 1.60M 3.18M -2.25M -19.41M
Ebitda 49.27M 42.65M 45.34M 37.85M 22.61M
Depreciation and amortization 41.39M 41.04M 42.16M 40.10M 42.02M
Operating income 7.88M 0.38M 2.81M -2.25M -19.41M
Other operating expenses 209.63M 222.70M 230.64M 202.50M 150.91M
Interest expense 9.00M 10.19M 11.53M 14.32M 19.48M
Tax provision -3.10M -1.72M -1.38M 2.86M -3.46M
Interest income 0.04M 9.51M 0.13M 0.06M 19.65M
Net interest income -8.96M -10.05M -11.40M -14.42M -19.66M
Income tax expense -3.10M -1.72M -1.38M 2.86M -3.46M
Total revenue 217.50M 223.08M 233.45M 200.34M 131.68M
Total operating expenses 15.45M 181.66M 19.01M 162.41M 108.88M
Cost of revenue 194.18M 41.04M 211.63M 40.10M 42.02M
Total other income expense net -36.60M -8.96M -11.08M 34.42M -19.86M
Net income from continuing ops -25.63M -6.87M -6.88M 29.32M -35.81M
Net income applicable to common shares - -7.16M -7.21M 29.00M -36.13M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 378.65M 430.98M 442.93M 475.71M 456.00M
Other current assets 3.22M - 3.30M 1.16M 2.60M
Total liab 113.20M 135.13M 147.27M 173.18M 269.50M
Total stockholder equity 263.19M 293.62M 293.37M 300.59M 184.51M
Deferred long term liab - - - 0.12M -
Other current liab 10.95M - 15.09M 12.49M 13.39M
Common stock 521.60M - 521.60M 521.55M 441.67M
Capital stock 521.60M 521.60M 521.60M 521.55M 441.67M
Retained earnings -307.83M -281.83M -274.68M -267.47M -296.47M
Other liab - - - 7.03M 4.49M
Other assets - - - 0.32M 0.41M
Cash 2.66M 3.79M 5.93M 8.88M 7.48M
Cash and equivalents - - - 8.88M 7.48M
Total current liabilities 27.58M 34.93M 30.61M 39.62M 38.13M
Current deferred revenue - - 0.00M - -
Net debt 92.36M 88.82M 102.85M 122.81M 232.94M
Short term debt 6.22M - 4.05M 5.16M 13.54M
Short long term debt 0.01M 0.95M 0.49M -0.50M 7.09M
Short long term debt total 95.02M - 115.22M 131.69M 240.42M
Other stockholder equity 20.34M - 20.37M 17.66M 15.76M
Property plant equipment - - - 413.84M 415.25M
Total current assets 45.64M 44.84M 50.73M 61.54M 40.35M
Net tangible assets - - - 300.59M 184.51M
Short term investments - - 0.20M - -
Net receivables 39.70M 30.47M 33.07M 47.44M 26.68M
Long term debt 81.00M 91.66M 109.28M 123.62M 221.71M
Inventory 0.06M 0.26M 3.58M 4.07M 3.60M
Accounts payable 10.42M 10.65M 11.47M 21.97M 11.20M
Accumulated other comprehensive income 29.07M - 26.07M 28.84M 23.54M
Non currrent assets other 0.09M - 0.12M 0.32M 0.41M
Non current assets total 333.01M 386.14M 392.20M 414.16M 415.65M
Capital lease obligations 5.59M 6.14M 4.36M 5.33M 7.62M
Long term debt total - - - 126.53M 226.88M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -21.91M -25.45M -28.95M -5.69M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -19.25M -21.91M -25.45M -28.95M -5.69M
Net borrowings -13.06M -15.73M -18.05M -16.36M -8.11M
Total cash from financing activities -13.88M -27.03M -28.85M 1.81M -22.79M
Change to operating activities - - - -11.39M -6.42M
Net income -26.00M -6.87M -7.21M 29.32M -35.81M
Change in cash -1.13M -2.15M -2.95M 1.40M -11.84M
Begin period cash flow 3.79M 5.93M 8.88M 7.48M 19.32M
End period cash flow 2.66M 3.79M 5.93M 8.88M 7.48M
Total cash from operating activities 32.00M 46.80M 51.35M 28.54M 16.63M
Issuance of capital stock - - 0.00M 31.52M 0.01M
Depreciation 41.39M 41.04M 42.16M 40.10M 42.02M
Other cashflows from investing activities -0.00M -0.31M -2.83M 5.28M -1.03M
Dividends paid 0.00M 0.00M 0.00M 0.00M -
Sale purchase of stock - - 0.00M 0.02M 0.01M
Other cashflows from financing activities -1.60M -11.30M -10.80M -13.35M -14.69M
Change to netincome - - - -29.31M 16.96M
Capital expenditures 21.68M 21.60M 22.62M 34.23M 6.87M
Change in working capital -7.49M 4.54M 2.42M -11.39M -6.42M
Stock based compensation -0.84M 0.81M 2.76M 1.99M 0.28M
Other non cash items 27.21M 8.99M 12.70M -34.33M 20.01M
Free cash flow 10.32M 25.19M 28.73M -5.69M 9.77M

Peer Comparison*

Sector: Energy Industry: Oil & Gas Drilling

Stock Name
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.		 -0.16
4.00%		 3.84 - 256.41 0.47 0.39 0.88 8.87
PD
Precision Drilling Corporation		 -4.37
3.24%		 130.61 840.29 17.27 0.83 0.93 1.15 4.95
ESI
Ensign Energy Services Inc		 -0.20
4.81%		 3.96 - 64.94 0.38 0.47 0.95 4.03
PHX
PHX Energy Services Corporation		 -1.55
12.22%		 11.13 10.07 11.12 0.73 2.20 0.76 4.20
ACX
ACT Energy Technologies Ltd.		 -0.33
3.90%		 8.14 8.54 4.70 0.43 0.81 0.59 4.18

Profile*

Western Energy Services Corp.

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.

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

403-984-5916

https://www.wesc.ca

588

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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