Western Energy Services (TSE:WRG) Stock Passes Above 50-Day Moving Average of $2.90

Western Energy Services Corp. (TSE:WRG) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.90 and traded as high as C$3.18. Western Energy Services shares last traded at C$3.18, with a volume of 325 shares.

Western Energy Services Stock Up 5.0 %

The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82. The stock’s 50 day moving average price is C$2.90 and its 200-day moving average price is C$2.79. The company has a market cap of C$107.61 million, a PE ratio of -15.14, a PEG ratio of 0.09 and a beta of 1.52.

Western Energy Services (TSE:WRG) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.15) earnings per share (EPS) for the quarter. The business had revenue of C$43.03 million for the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. On average, analysts predict that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

About Western Energy Services

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.