Western Energy Services (TSE:WRG) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Western Energy Services Corp. (TSE:WRG)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.09 and traded as high as C$2.17. Western Energy Services shares last traded at C$2.05, with a volume of 15,905 shares changing hands.

Western Energy Services Price Performance

The business’s 50-day simple moving average is C$2.09 and its two-hundred day simple moving average is C$2.11. The stock has a market cap of C$69.38 million, a price-to-earnings ratio of -10.79, a price-to-earnings-growth ratio of 0.09 and a beta of 0.40. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.

Western Energy Services (TSE:WRG) last announced its quarterly earnings results on Tuesday, October 21st. The company reported C($0.07) EPS for the quarter. The firm had revenue of C$50.04 million during the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. Research analysts expect that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

Insider Buying and Selling at Western Energy Services

In other Western Energy Services news, insider Sime Armoyan acquired 12,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was acquired at an average price of C$2.03 per share, for a total transaction of C$25,172.00. Following the acquisition, the insider directly owned 6,920,256 shares in the company, valued at C$14,048,119.68. This represents a 0.18% increase in their ownership of the stock. Insiders bought 13,500 shares of company stock worth $27,425 in the last quarter. Insiders own 32.65% of the company’s stock.

About Western Energy Services

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.