Western Energy Services (TSE:WRG) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Western Energy Services Corp. (TSE:WRG - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.17 and traded as low as C$2.14. Western Energy Services shares last traded at C$2.18, with a volume of 450 shares.

Analyst Ratings Changes

Separately, ATB Capital lowered their target price on Western Energy Services from C$3.25 to C$2.75 and set a "sector perform" rating for the company in a research report on Monday, May 5th.

Western Energy Services Price Performance

The business's 50-day moving average price is C$2.17 and its 200 day moving average price is C$2.29. The stock has a market capitalization of C$69.71 million, a PE ratio of -9.81, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Western Energy Services Company Profile

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies.