Western Energy Services (OTCMKTS:WEEEF) Shares Down 5.8% - What's Next?

Key Points

• Western Energy Services Corp. shares fell by 5.8% to $1.50 during mid-day trading, with a significant increase in trading volume to 656 shares.
• The company reported a negative earnings per share of ($0.10) and revenue of $28.91 million in its latest quarterly earnings.
• Western Energy Services operates as an oilfield service company in Canada and the U.S., providing contract drilling and production services.

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) was down 5.8% during mid-day trading on Thursday . The stock traded as low as $1.50 and last traded at $1.50. Approximately 656 shares traded hands during mid-day trading, an increase of 3,180% from the average daily volume of 20 shares. The stock had previously closed at $1.59.

Western Energy Services Price Performance

The company has a market cap of $50.69 million, a P/E ratio of -12.48 and a beta of 0.69. The company has a fifty day simple moving average of $1.53 and a 200-day simple moving average of $1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.54 and a quick ratio of 1.54.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $28.91 million during the quarter. Western Energy Services had a negative net margin of 2.43% and a negative return on equity of 1.87%.

About Western Energy Services

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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