Western Energy Services Corp. (TSE:WRG - Get Free Report) shares 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.
Analysts Set New Price Targets
Separately, ATB Capital decreased their price objective on Western Energy Services from C$3.25 to C$2.75 and set a "sector perform" rating for the company in a report on Monday, May 5th.
Get Our Latest Report on WRG
Western Energy Services Price Performance
The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46. The firm has a market capitalization of C$69.37 million, a P/E ratio of -9.76, a PEG ratio of 0.09 and a beta of 1.49. The firm's fifty day moving average price is C$2.12 and its 200-day moving average price is C$2.35.
Insider Activity
In other Western Energy Services news, insider Sime Armoyan acquired 14,300 shares of Western Energy Services stock in a transaction dated Friday, April 4th. The stock was bought at an average price of C$2.20 per share, for a total transaction of C$31,460.00. In the last ninety days, insiders have bought 24,700 shares of company stock worth $53,050. 32.65% of the stock is owned by company insiders.
Western Energy Services Company Profile
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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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