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Western Energy Services (TSX:WRG) Market Cap : C$93.1 Mil (As of Jun. 01, 2024)


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What is Western Energy Services Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Western Energy Services's share price for the quarter that ended in Mar. 2024 was C$2.75. Western Energy Services's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 33.8 Mil. Therefore, Western Energy Services's market cap for the quarter that ended in Mar. 2024 was C$93.1 Mil.

Western Energy Services's quarterly market cap declined from Sep. 2023 (C$127.9 Mil) to Dec. 2023 (C$100.5 Mil) and declined from Dec. 2023 (C$100.5 Mil) to Mar. 2024 (C$93.1 Mil).

Western Energy Services's annual market cap increased from Dec. 2021 (C$26.6 Mil) to Dec. 2022 (C$114.7 Mil) but then declined from Dec. 2022 (C$114.7 Mil) to Dec. 2023 (C$100.5 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Western Energy Services's Enterprise Value for Today is C$204.6 Mil.


Western Energy Services Market Cap Historical Data

The historical data trend for Western Energy Services's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Western Energy Services Market Cap Chart

Western Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.90 43.76 26.59 114.72 100.51

Western Energy Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Market Cap Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.16 101.19 127.93 100.51 93.07

Competitive Comparison of Western Energy Services's Market Cap

For the Oil & Gas Drilling subindustry, Western Energy Services's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Energy Services's Market Cap Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Energy Services's Market Cap distribution charts can be found below:

* The bar in red indicates where Western Energy Services's Market Cap falls into.



Western Energy Services Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Western Energy Services's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )=Share Price (A: Dec. 2023 )*Shares Outstanding (EOP) (A: Dec. 2023 )
=C$2.97*33.843
=C$100.5

Western Energy Services's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )=Share Price (Q: Mar. 2024 )*Shares Outstanding (EOP) (Q: Mar. 2024 )
=C$2.75*33.843
=C$93.1

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Western Energy Services  (TSX:WRG) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Western Energy Services Market Cap Related Terms

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Western Energy Services (TSX:WRG) Business Description

Traded in Other Exchanges
Address
215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.
Executives
Sime Armoyan 10% Security Holder
Tomer Cohen Director

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