Western Energy Services Corp. (TSE:WRG - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.16 and traded as high as C$2.18. Western Energy Services shares last traded at C$2.18, with a volume of 200 shares trading hands.
Wall Street Analyst Weigh In
Separately, ATB Capital lowered their price target on shares of 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.
Get Our Latest Analysis on Western Energy Services
Western Energy Services Price Performance
The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. The firm has a market capitalization of C$73.77 million, a PE ratio of -10.38, a PEG ratio of 0.09 and a beta of 1.49. The firm's fifty day simple moving average is C$2.15 and its 200-day simple moving average is C$2.43.
Insiders Place Their Bets
In related news, insider Sime Armoyan purchased 75,700 shares of Western Energy Services stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of C$2.10 per share, for a total transaction of C$158,970.00. Over the last ninety days, insiders bought 156,800 shares of company stock valued at $343,350. Insiders own 32.65% of the company's stock.
About Western Energy Services
(
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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.
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