Western Energy Services (OTCMKTS:WEEEF) Posts Earnings Results

Western Energy Services (OTCMKTS:WEEEF) announced its quarterly earnings results on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Western Energy Services had a negative net margin of 11.90% and a negative return on equity of 0.22%.

Western Energy Services Stock Performance

Shares of OTCMKTS WEEEF remained flat at $2.26 during midday trading on Tuesday. The firm has a fifty day moving average of $2.12 and a 200 day moving average of $1.75. The stock has a market cap of $76.33 million, a PE ratio of -4.10 and a beta of 0.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 1.66. Western Energy Services has a 1-year low of $1.45 and a 1-year high of $2.60.

Western Energy Services Company Profile

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.