Western Energy Services (TSE:WRG) Stock Price Passes Below 50-Day Moving Average of $3.36

Western Energy Services Corp. (TSE:WRG) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.36 and traded as low as C$3.09. Western Energy Services shares last traded at C$3.09, with a volume of 247 shares.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their target price on shares of Western Energy Services from C$3.50 to C$3.25 in a research note on Wednesday, October 25th.

Western Energy Services Trading Up 0.3 %

The company has a market cap of C$104.57 million, a P/E ratio of -3.96, a PEG ratio of 0.09 and a beta of 1.54. The stock’s 50 day moving average is C$3.36 and its 200-day moving average is C$3.16. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 39.59.

Western Energy Services (TSE:WRG) last issued its earnings results on Tuesday, October 24th. The company reported C($0.04) earnings per share for the quarter. Western Energy Services had a negative return on equity of 2.57% and a negative net margin of 3.40%. The business had revenue of C$55.00 million during the quarter, compared to analysts’ expectations of C$67.00 million. Research analysts anticipate that Western Energy Services Corp. will post 0.1499094 earnings per share for the current fiscal year.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.