Western Energy Services (TSE:WRG) Hits New 1-Year High – What’s Next?

Western Energy Services Corp. (TSE:WRG) reached a new 52-week high during trading on Monday. The company traded as high as C$4.00 and last traded at C$4.00, with a volume of 800 shares. The stock had previously closed at C$3.93.

Western Energy Services Stock Up 1.8%

The company’s 50-day moving average is C$3.41 and its 200 day moving average is C$3.27. The company has a market capitalization of C$135.41 million, a PE ratio of -5.26, a P/E/G ratio of 0.09 and a beta of -0.26. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Western Energy Services (TSE:WRG) last issued its earnings results on Tuesday, July 28th. The company reported C($0.12) earnings per share for the quarter. The business had revenue of C$38.58 million during the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%. As a group, analysts anticipate that Western Energy Services Corp. will post 0.15 EPS for the current year.

Western Energy Services Company Profile

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. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment.