Sime Armoyan Acquires 32,300 Shares of Western Energy Services Corp. (TSE:WRG) Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 32,300 shares of Western Energy Services stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of C$2.76 per share, with a total value of C$89,044.64.

Sime Armoyan also recently made the following trade(s):

• On Tuesday, April 23rd, Sime Armoyan acquired 1,300 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$3,575.00.
• On Monday, April 15th, Sime Armoyan acquired 300 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.74 per share, with a total value of C$822.00.
• On Tuesday, April 2nd, Sime Armoyan acquired 27,100 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$74,525.00.
• On Thursday, March 21st, Sime Armoyan purchased 63,300 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.75 per share, with a total value of C$174,068.67.
• On Monday, March 18th, Sime Armoyan acquired 21,200 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.75 per share, with a total value of C$58,300.00.
• On Thursday, March 14th, Sime Armoyan acquired 62,400 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.75 per share, with a total value of C$171,600.00.
• On Friday, March 1st, Sime Armoyan acquired 698,700 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.60 per share, with a total value of C$1,816,340.52.

Western Energy Services Trading Down 1.4 %

TSE:WRG opened at C$2.73 on Thursday. The stock’s 50 day moving average price is C$2.74 and its 200 day moving average price is C$2.85. Western Energy Services Corp. has a 52 week low of C$2.22 and a 52 week high of C$3.95. The company has a market capitalization of C$92.38 million, a P/E ratio of -13.65, a P/E/G ratio of 0.09 and a beta of 1.59. The company has a debt-to-equity ratio of 38.97, a quick ratio of 1.46 and a current ratio of 1.66.

Western Energy Services (TSE:WRG) last released its quarterly earnings data on Wednesday, February 28th. The company reported C($0.06) EPS for the quarter. Western Energy Services had a negative return on equity of 2.30% and a negative net margin of 3.09%. The firm had revenue of C$56.26 million during the quarter, compared to analyst estimates of C$55.00 million. On average, research analysts forecast that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price objective on shares of Western Energy Services from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Thursday, April 18th.

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.