Western Energy Services (OTCMKTS:WEEEF) Releases Earnings Results

Western Energy Services (OTCMKTS:WEEEF) released its earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. Western Energy Services had a negative return on equity of 0.39% and a negative net margin of 12.75%.

Western Energy Services Price Performance

WEEEF remained flat at $2.47 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s 50 day simple moving average is $2.32 and its two-hundred day simple moving average is $2.11. Western Energy Services has a 52-week low of $1.45 and a 52-week high of $2.60. The stock has a market cap of $83.62 million, a PE ratio of -4.41 and a beta of 0.18.

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.