Western Energy Services (TSE:WRG) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Western Energy Services Corp. (TSE:WRG)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.98 and traded as high as C$3.09. Western Energy Services shares last traded at C$3.09, with a volume of 104 shares traded.

Western Energy Services Trading Down 0.6%

The firm has a market capitalization of C$104.60 million, a PE ratio of -3.96, a price-to-earnings-growth ratio of 0.09 and a beta of 0.01. The stock’s 50-day moving average price is C$2.98 and its 200 day moving average price is C$2.46. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.

Western Energy Services (TSE:WRG) last issued its quarterly earnings data on Tuesday, April 28th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$55.26 million during the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. On average, sell-side analysts expect that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal year.

Western Energy Services Company Profile

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.