Western Energy Services (OTCMKTS:WEEEF) Trading 5.5% Higher – Time to Buy?

Western Energy Services Corp. (OTCMKTS:WEEEF)’s share price was up 5.5% on Monday . The stock traded as high as $2.15 and last traded at $2.15. Approximately 900 shares changed hands during trading, an increase of 8% from the average daily volume of 836 shares. The stock had previously closed at $2.03.

Western Energy Services Price Performance

The stock has a market cap of $72.59 million, a PE ratio of -10.21 and a beta of 0.88. The business has a fifty day moving average of $2.10 and a 200-day moving average of $2.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.82.

Western Energy Services (OTCMKTS:WEEEF) last issued its earnings results on Tuesday, July 23rd. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $31.45 million during the quarter. Western Energy Services had a negative return on equity of 2.41% and a negative net margin of 3.32%.

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.