Western Energy Services Corp. (TSE:WRG) Insider Acquires C$174,068.67 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 63,300 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of C$2.75 per share, with a total value of C$174,068.67.

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

• On Monday, March 18th, Sime Armoyan bought 21,200 shares of Western Energy Services stock. The stock was acquired 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 bought 62,400 shares of Western Energy Services stock. The stock was acquired 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 acquired 698,700 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.60 per share, with a total value of C$1,816,340.52.

Western Energy Services Price Performance

Shares of Western Energy Services stock opened at C$2.71 on Thursday. The firm has a fifty day simple moving average of C$2.68 and a 200-day simple moving average of C$2.99. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 38.97. Western Energy Services Corp. has a 1-year low of C$2.20 and a 1-year high of C$3.95. The stock has a market capitalization of C$91.71 million, a price-to-earnings ratio of -13.55, a PEG ratio of 0.09 and a beta of 1.60.

Western Energy Services (TSE:WRG) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C($0.06) earnings per share for the quarter. The firm had revenue of C$56.26 million during the quarter, compared to analyst estimates of C$55.00 million. Western Energy Services had a negative return on equity of 2.30% and a negative net margin of 3.09%. On average, sell-side analysts expect that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price objective on shares of Western Energy Services from C$3.25 to C$3.00 and set a “hold” rating for the company in a research note on Wednesday, January 10th.

Western Energy Services Company Profile

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.