Western Energy Services (OTCMKTS:WEEEF) Trading 0.7% Higher - Still a Buy?

Key Points

• Western Energy Services Corp. (OTCMKTS:WEEEF) saw a stock price increase of 0.7%, closing at $1.51, despite a significant drop in trading volume.
• The company reported a loss of ($0.10) EPS for the last quarter, with revenues of $28.91 million and a negative return on equity of 1.87%.
• Western Energy Services operates in the oilfield service sector, providing contract drilling and production services in Canada and the United States.

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) shares shot up 0.7% during trading on Wednesday . The stock traded as high as $1.51 and last traded at $1.51. 100 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 212 shares. The stock had previously closed at $1.50.

Western Energy Services Stock Down 0.3%

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $1.60 and its 200 day simple moving average is $1.56. The firm has a market capitalization of $50.95 million, a PE ratio of -12.54 and a beta of 0.62.

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

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.