Western Energy Services (TSE:WRG) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Western Energy Services Corp. (TSE:WRG) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.15 and traded as high as C$3.26. Western Energy Services shares last traded at C$3.26, with a volume of 546 shares traded.

Western Energy Services Price Performance

The firm has a market capitalization of C$111.70 million, a P/E ratio of -4.23, a P/E/G ratio of 0.09 and a beta of -0.22. The stock’s fifty day simple moving average is C$3.16 and its 200 day simple moving average is C$2.78. 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 posted its quarterly earnings data on Tuesday, April 28th. The company reported C$0.05 earnings per share for the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%.The firm had revenue of C$55.26 million during the quarter. On average, equities research analysts predict that Western Energy Services Corp. will post 0.1499094 EPS for the current 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.