Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Acquires 32,300 Shares of Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 32,300 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of C$2.76 per share, with a total value of C$89,044.64.

Sime Armoyan also recently made the following trade(s):

• On Tuesday, April 23rd, Sime Armoyan bought 1,300 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.75 per share, with a total value of C$3,575.00.
• On Monday, April 15th, Sime Armoyan bought 300 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.74 per share, with a total value of C$822.00.
• On Tuesday, April 2nd, Sime Armoyan purchased 27,100 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$74,525.00.
• On Thursday, March 21st, Sime Armoyan purchased 63,300 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$174,068.67.
• On Monday, March 18th, Sime Armoyan purchased 21,200 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$58,300.00.
• On Thursday, March 14th, Sime Armoyan purchased 62,400 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$171,600.00.
• On Friday, March 1st, Sime Armoyan purchased 698,700 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.60 per share, with a total value of C$1,816,340.52.

Western Energy Services Stock Down 1.4 %

Shares of TSE:WRG opened at C$2.73 on Thursday. The business’s 50 day simple moving average is C$2.74 and its two-hundred day simple moving average is C$2.85. The firm has a market cap of C$92.38 million, a P/E ratio of -13.65, a PEG ratio of 0.09 and a beta of 1.59. The company has a debt-to-equity ratio of 38.97, a quick ratio of 1.46 and a current ratio of 1.66. Western Energy Services Corp. has a 52-week low of C$2.22 and a 52-week high of C$3.95.

Western Energy Services (TSE:WRG) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C($0.06) earnings per share (EPS) for the quarter. Western Energy Services had a negative return on equity of 2.30% and a negative net margin of 3.09%. The firm had revenue of C$56.26 million during the quarter, compared to the consensus estimate of C$55.00 million. As a group, research analysts forecast that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their target price on Western Energy Services from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Thursday, April 18th.

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.