Western Energy Services (OTCMKTS:WEEEF) Shares Down 2% – Time to Sell?

Western Energy Services Corp. (OTCMKTS:WEEEF) shares were down 2% on Monday . The stock traded as low as $2.2550 and last traded at $2.2550. Approximately 1,500 shares were traded during mid-day trading, an increase of 2,071% from the average daily volume of 69 shares. The stock had previously closed at $2.2999.

Western Energy Services Stock Performance

The stock has a 50-day simple moving average of $2.08 and a 200-day simple moving average of $1.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $76.33 million, a PE ratio of -4.10 and a beta of 0.34.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS for the quarter. The company had revenue of $41.93 million for the quarter. Western Energy Services had a negative return on equity of 0.22% and a negative net margin of 11.90%.

About Western Energy Services

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.