Western Energy Services (TSE:WRG) Reaches New 12-Month High – What’s Next?

Western Energy Services Corp. (TSE:WRG – Get Free Report) shares hit a new 52-week high on Thursday. The stock traded as high as C$3.92 and last traded at C$3.91, with a volume of 13,202 shares trading hands. The stock had previously closed at C$3.40.

Western Energy Services Trading Up 15.6%

The business’s 50 day moving average price is C$3.32 and its 200-day moving average price is C$3.23. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The company has a market cap of C$133.04 million, a price-to-earnings ratio of -5.17, a PEG ratio of 0.09 and a beta of -0.26.

Western Energy Services (TSE:WRG – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C($0.12) EPS for the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%. The company had revenue of C$38.58 million for the quarter. On average, equities analysts anticipate that Western Energy Services Corp. will post 0.15 EPS for the current fiscal year.

Western Energy Services Company Profile

(Get Free Report)

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.

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