Sime Armoyan Purchases 25,800 Shares of Western Energy Services Corp. (TSE:WRG) Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 25,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of C$2.50 per share, for a total transaction of C$64,500.00.

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

• On Friday, February 7th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.50 per share, for a total transaction of C$500.00.
• On Wednesday, February 5th, Sime Armoyan bought 700 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.50 per share, with a total value of C$1,750.00.
• On Monday, January 27th, Sime Armoyan purchased 6,300 shares of Western Energy Services stock. The shares were bought at an average price of C$2.50 per share, for a total transaction of C$15,750.00.
• On Monday, December 30th, Sime Armoyan acquired 4,600 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.50 per share, with a total value of C$11,500.00.
• On Friday, December 27th, Sime Armoyan bought 400 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Friday, December 20th, Sime Armoyan purchased 400 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan acquired 1,300 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.47 per share, with a total value of C$3,206.06.

Western Energy Services Stock Performance

TSE:WRG opened at C$2.50 on Friday. The company has a 50-day moving average price of C$2.64 and a 200-day moving average price of C$2.75. The stock has a market cap of C$84.60 million, a price-to-earnings ratio of -11.90, a P/E/G ratio of 0.09 and a beta of 1.49. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. Western Energy Services Corp. has a 12 month low of C$2.43 and a 12 month high of C$3.31.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WRG. ATB Capital set a C$3.25 target price on Western Energy Services and gave the stock a “sector perform” rating in a research note on Wednesday, January 15th. Atb Cap Markets upgraded Western Energy Services to a “hold” rating in a research report on Wednesday, January 15th.

About Western Energy Services

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.