Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Acquires 27,100 Shares of Stock

Western Energy Services Corp. (TSE:WRG - Get Free Report) insider Sime Armoyan acquired 27,100 shares of Western Energy Services stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average cost of C$2.75 per share, for a total transaction of C$74,525.00.

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

• 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of C$1,816,340.52.

Western Energy Services Price Performance

Shares of WRG remained flat at C$2.75 during trading hours on Wednesday. 5,203 shares of the company were exchanged, compared to its average volume of 39,790. 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 company's 50 day moving average is C$2.68 and its 200-day moving average is C$2.97. The company has a market cap of C$93.06 million, a P/E ratio of -13.75, a P/E/G ratio of 0.09 and a beta of 1.60.

Western Energy Services (TSE:WRG - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of C$55.00 million. As a group, equities analysts expect that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered 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 report 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.