Western Energy Services reported third-quarter EPS of C$0.08, above the C$0.03 estimate. Revenue and net income also improved from a year earlier. Still, the company remains unprofitable over the past 12 months.
Western Energy Services Corp. (TSX: WRG) reported results after market close on October 28 for the quarter ended September 30, 2026. EPS was C$0.08, beating the C$0.03 estimate by 166.7%. It was the company’s fourth straight comparable-quarter earnings beat. Revenue rose 15% year over year to C$57.5 million, and net income was C$2.7 million, compared with a C$2.2 million loss a year earlier. Visit the WRG stock page for the latest share information and coverage.
Recent earnings trend
Western Energy Services Corp.
WRG.TO
WRG.TO
Western Energy Services Corp.
WealthAwesomeMarket cap
$135.41M
52W high
$4.15
52W low
$2.05
1W change
+0.00%
Beta
0.41
Analyst Price Targets
Based on analyst covering WRG · as of Oct 30, 2026
Wall Street analysts forecast WRG stock price to rise 15.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.63
+15.6% Upside
Previously C$4.50 on Oct 29, 2026
Current Price
C$4.00
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WRG's historical volatility
30-Day Vol
46.1%
Annualized
90-Day Vol
43.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$4.78
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.25 | C$3.62 – C$4.98 |
| 60 trading days | C$4.51 | C$3.60 – C$5.64 |
| 90 trading days | C$4.78 | C$3.63 – C$6.30 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-24 | — | 0.1200 | — |
| 2026-09-30 | 2026-10-28 | 0.0800 | 0.0300 | +166.7% |
| 2026-06-30 | 2026-07-28 | -0.1200 | -0.1400 | +14.3% |
| 2026-03-31 | 2026-04-28 | 0.0500 | 0.0400 | +25.0% |
| 2025-12-31 | 2026-02-25 | 0.0700 | 0.0200 | +250.0% |
| 2025-09-30 | 2025-10-21 | -0.0700 | -0.0500 | -40.0% |
Investor takeaway: WRG returned to quarterly net income, but one profitable quarter does not resolve its broader profitability challenges. Trailing-12-month EPS is -C$0.63, and the profit margin is -10.00%. The recent earnings beats are encouraging. The next question is whether the company can sustain the improvement.
C$0.08 EPS, versus C$0.03 expected
WRG beat the EPS estimate by 166.7%, marking its fourth straight comparable-quarter beat. The recent earnings trend table and chart show results by quarter.
Bull case
WRG has beaten EPS estimates in each of its last four comparable quarters. In Q3, revenue rose 15% year over year, and the company moved from a loss to a profit compared with the same quarter last year. The share price is above its 50-day and 200-day moving averages. The average analyst target of C$4.63 is 15.6% above the C$4.00 last close. These indicators are supportive, but they don’t guarantee future performance.
Bear case
WRG’s trailing-12-month EPS and profit margin are still negative. The latest quarterly profit does not yet show that the company has made a lasting turnaround. The share price is also near its 52-week high of C$4.15, and the average analyst target reflects limited coverage. Oilfield services results can shift with activity levels and operating conditions. The available data does not show whether the recent improvement will last.
Analysis
For the quarter ended September 30, WRG reported EPS of C$0.08, compared with the C$0.03 estimate. The C$0.05 difference was a 166.7% positive surprise. The company has now beaten estimates in four consecutive comparable quarters: EPS was -C$0.12 versus -C$0.14 in Q2 2026, C$0.05 versus C$0.04 in Q1, and C$0.07 versus C$0.02 in Q4 2025. Some of those quarters were profitable and others were not. The beat streak should be considered alongside the actual results, not as proof of profitability on its own.
Analysis
WRG reported Q3 revenue of C$57.5 million, up 15% from a year earlier. Net income was C$2.7 million, compared with a C$2.2 million loss in the year-ago quarter. The available results don’t include margin details, so revenue growth alone doesn’t show how efficiently the company turned higher sales into earnings. Trailing-12-month EPS of -C$0.63 and a profit margin of -10.00% show why investors will want to see whether quarterly profits continue. Visit the WRG stock page for more company information.
Analysis
The average analyst price target is C$4.63, or 15.6% above the C$4.00 last close. The supplied rating label is bullish because the average target is higher than the last close. A formal rating isn’t available for this Canadian listing. WRG closed above its 50-day moving average of C$3.50 and its 200-day moving average of C$3.12, but below its 52-week high of C$4.15. These figures describe recent share-price levels; they aren’t a forecast. See the analyst ratings section for details.
Analysis
Wealth Awesome’s statistical model puts WRG’s 90-day mean forecast at C$4.78. Its 68% range is C$3.63 to C$6.30, and its wider 95% range is C$2.76 to C$8.29. The model’s 30-, 60- and 90-day mean forecasts are C$4.25, C$4.51 and C$4.78. It estimates annualized drift of 50.0% and 30-day volatility of 46.1%, pointing to a wide range of possible outcomes. This is a statistical model, not financial advice or a guarantee of future prices. See the WRG price-prediction section.
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