Western Energy Services Corp. (TSE:WRG - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.13 and traded as low as C$2.11. Western Energy Services shares last traded at C$2.11, with a volume of 125 shares trading hands.
Analyst Upgrades and Downgrades
Separately, ATB Capital lowered their target price on shares of Western Energy Services from C$3.25 to C$2.75 and set a "sector perform" rating on the stock in a research note on Monday, May 5th.
Read Our Latest Report on Western Energy Services
Western Energy Services Stock Performance
The firm has a market cap of C$71.40 million, a P/E ratio of -10.05, a PEG ratio of 0.09 and a beta of 1.49. The stock's 50 day moving average is C$2.13 and its two-hundred day moving average is C$2.36. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.
Insider Activity at Western Energy Services
In other news, insider Sime Armoyan purchased 14,300 shares of Western Energy Services stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of C$2.20 per share, for a total transaction of C$31,460.00. Insiders have acquired a total of 23,100 shares of company stock valued at $49,770 over the last quarter. 32.65% of the stock is owned by company insiders.
Western Energy Services Company Profile
(
Get Free Report)
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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