Western Energy Services Corp. (OTCMKTS:WEEEF – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 289 shares, a growth of 681.1% from the August 31st total of 37 shares. Based on an average daily trading volume, of 23 shares, the short-interest ratio is presently 12.6 days. Approximately 0.0% of the shares of the company are short sold.
Western Energy Services Stock Performance
Shares of WEEEF stock traded up $0.02 on Thursday, hitting $2.47. 222 shares of the stock were exchanged, compared to its average volume of 975. The firm’s 50 day moving average is $2.40 and its two-hundred day moving average is $2.31. Western Energy Services has a one year low of $1.45 and a one year high of $2.60. The firm has a market capitalization of $83.61 million, a PE ratio of -4.49 and a beta of 0.21. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.
Western Energy Services (OTCMKTS:WEEEF – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. Western Energy Services had a negative net margin of 12.55% and a negative return on equity of 0.18%. The firm had revenue of $27.87 million during the quarter.
Western Energy Services Company Profile
Western Energy Services Corp. is a Canadian oilfield services company that provides contract drilling and related services to oil and natural gas producers. Its operations support the exploration, development, and production of conventional and unconventional energy resources.
Through its operating businesses, including Horizon Drilling, the company provides land-based drilling services using a fleet of drilling rigs and associated equipment. Its services are designed for a range of well depths and field conditions, with an emphasis on serving oil and gas operators in Western Canada.
Western Energy Services has historically focused on the Western Canadian Sedimentary Basin, including energy-producing regions in Alberta and Saskatchewan.
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