Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Acquires C$158,970.00 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 75,700 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of C$2.10 per share, with a total value of C$158,970.00.

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

• On Tuesday, March 4th, Sime Armoyan bought 5,000 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.30 per share, for a total transaction of C$11,500.00.
• On Friday, February 28th, Sime Armoyan purchased 200 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.35 per share, with a total value of C$470.00.
• On Wednesday, February 26th, Sime Armoyan acquired 800 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.35 per share, for a total transaction of C$1,880.00.
• On Monday, February 24th, Sime Armoyan bought 13,100 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.35 per share, for a total transaction of C$30,785.00.
• On Tuesday, February 18th, Sime Armoyan purchased 25,000 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.40 per share, with a total value of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan acquired 25,800 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.50 per share, for a total transaction of C$64,500.00.
• On Friday, February 7th, Sime Armoyan bought 200 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.50 per share, with a total value of C$500.00.
• On Wednesday, February 5th, Sime Armoyan purchased 700 shares of Western Energy Services stock. The stock was acquired at an average price of C$2.50 per share, for a total transaction of C$1,750.00.
• On Monday, January 27th, Sime Armoyan purchased 6,300 shares of Western Energy Services stock. The stock was bought at an average cost 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.

Western Energy Services Price Performance

Shares of TSE:WRG opened at C$2.17 on Monday. The company’s fifty day moving average is C$2.56 and its two-hundred day moving average is C$2.68. The company has a market cap of C$73.43 million, a P/E ratio of -10.33, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. Western Energy Services Corp. has a 12-month low of C$1.85 and a 12-month high of C$3.31. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49.

Analyst Ratings Changes

Several equities research analysts have recently commented on WRG shares. Atb Cap Markets raised Western Energy Services to a “hold” rating in a report on Wednesday, January 15th. ATB Capital set a C$3.25 price objective on shares of Western Energy Services and gave the company a “sector perform” rating in a research note on Wednesday, January 15th.

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.