Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Purchases C$31,460.00 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 14,300 shares of the stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of C$2.20 per share, for a total transaction of C$31,460.00.

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

• On Tuesday, April 8th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were bought at an average price of C$2.10 per share, for a total transaction of C$420.00.
• On Monday, March 10th, Sime Armoyan acquired 14,800 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.15 per share, with a total value of C$31,820.00.
• On Thursday, March 6th, Sime Armoyan purchased 75,700 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.10 per share, with a total value of C$158,970.00.
• On Tuesday, March 4th, Sime Armoyan acquired 5,000 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.30 per share, for a total transaction of C$11,500.00.
• On Friday, February 28th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.35 per share, for a total transaction of C$470.00.
• On Wednesday, February 26th, Sime Armoyan bought 800 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.35 per share, with a total value of C$1,880.00.
• On Monday, February 24th, Sime Armoyan bought 13,100 shares of Western Energy Services stock. The shares were bought at an average price of C$2.35 per share, with a total value of C$30,785.00.
• On Tuesday, February 18th, Sime Armoyan bought 25,000 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.40 per share, for a total transaction of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan bought 25,800 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.50 per share, with a total value of C$64,500.00.
• On Friday, February 7th, Sime Armoyan bought 200 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.50 per share, with a total value of C$500.00.

Western Energy Services Stock Down 4.1 %

Shares of TSE:WRG opened at C$2.10 on Thursday. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82. Western Energy Services Corp. has a 1 year low of C$1.85 and a 1 year high of C$3.31. The stock has a market capitalization of C$71.06 million, a P/E ratio of -10.00, a PEG ratio of 0.09 and a beta of 1.49. The stock has a 50-day simple moving average of C$2.31 and a 200-day simple moving average of C$2.55.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. ATB Capital set a C$3.25 target price on shares of Western Energy Services and gave the company a “sector perform” rating in a research report on Wednesday, January 15th. Atb Cap Markets upgraded shares of Western Energy Services to a “hold” rating in a research note on Wednesday, January 15th.

Western Energy Services Company Profile

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.