Western Energy Services Appoints New CFO to Enhance Strategic Depth

Western Energy Services ( (TSE:WRG) ) just unveiled an update.

Western Energy Services Corp. has announced the appointment of Orson Ross as the new Chief Financial Officer, effective September 15, 2025. With over 25 years of experience in executive finance roles, including positions at Cleantek Industries Inc. and Dexterra Group Inc., Ross is expected to enhance the strategic depth of Western with his extensive background in finance and the oil and gas services sector. This appointment marks a strategic move for Western, potentially strengthening its market position and operational capabilities.

Spark’s Take on TSE:WRG Stock

According to Spark, TipRanks’ AI Analyst, TSE:WRG is a Neutral.

Western Energy Services faces significant challenges in profitability and valuation, with a negative P/E ratio and no dividend yield. Technical indicators suggest a bearish trend, with the stock trading below key moving averages. Despite strong cost management and stable cash flow, the company’s financial performance is hindered by negative net profit margins and return on equity. Improvement in profitability and revenue growth is crucial for enhancing the stock’s attractiveness.

To see Spark’s full report on TSE:WRG stock, click here.

More about Western Energy Services

Western Energy Services Corp. is a progressive energy services company that provides contract drilling services through its division, Horizon Drilling, in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation, in the United States. Additionally, the company offers production services in Canada through its division, Eagle Well Servicing, which provides well servicing, and Aero Rental Services, which provides oilfield rental services.

Average Trading Volume: 1,576

Technical Sentiment Signal: Sell

Current Market Cap: C$71.07M

Learn more about WRG stock on TipRanks’ Stock Analysis page.