Western Energy Services Corp. (TSE:WRG) Insider Sime Armoyan Purchases 6,300 Shares

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 6,300 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of C$2.50 per share, for a total transaction of C$15,750.00.

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

• On Monday, December 30th, Sime Armoyan purchased 4,600 shares of Western Energy Services stock. The stock was bought at an average price of C$2.50 per share, with a total value of C$11,500.00.
• On Friday, December 27th, Sime Armoyan purchased 400 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Friday, December 20th, Sime Armoyan acquired 400 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.55 per share, with a total value of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan acquired 1,300 shares of Western Energy Services stock. The stock was acquired at an average price of C$2.47 per share, for a total transaction of C$3,206.06.
• On Friday, November 15th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.52 per share, with a total value of C$504.00.
• On Tuesday, November 5th, Sime Armoyan bought 100 shares of Western Energy Services stock. The shares were bought at an average price of C$2.50 per share, for a total transaction of C$250.00.

Western Energy Services Price Performance

Western Energy Services stock remained flat at C$2.50 during mid-day trading on Friday. Western Energy Services Corp. has a fifty-two week low of C$2.43 and a fifty-two week high of C$3.31. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The company has a market cap of C$84.60 million, a P/E ratio of -11.90, a P/E/G ratio of 0.09 and a beta of 1.49. The stock has a 50 day moving average of C$2.66 and a 200-day moving average of C$2.78.

Western Energy Services (TSE:WRG) last released its quarterly earnings data on Tuesday, October 29th. The company reported C($0.04) earnings per share for the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%. On average, sell-side analysts expect that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.