Western Energy Services (OTCMKTS:WEEEF) Releases Earnings Results

Key Points

• Western Energy Services reported a quarterly earnings per share (EPS) of ($0.05) with a negative net margin of 2.43% and a negative return on equity of 1.87%.
• Shares of Western Energy Services fell by 1.2% to $1.48, with a market capitalization of $50.08 million and price-to-earnings ratio of -12.33.
• The company operates as an oilfield service provider with two segments: Contract Drilling and Production Services, serving the oil and gas industry in Canada and the United States.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, Zacks reports. Western Energy Services had a negative net margin of 2.43% and a negative return on equity of 1.87%.

Western Energy Services Stock Down 1.2%

Shares of Western Energy Services stock traded down $0.02 during trading on Tuesday, reaching $1.48. The stock had a trading volume of 1,700 shares, compared to its average volume of 1,627. The company has a market capitalization of $50.08 million, a price-to-earnings ratio of -12.33 and a beta of 0.69. The stock has a fifty day moving average price of $1.52 and a two-hundred day moving average price of $1.56. Western Energy Services has a 52 week low of $1.30 and a 52 week high of $2.05. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.32.

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.

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