Western Energy Services (TSE:WRG) Releases Quarterly Earnings Results

Western Energy Services (TSE:WRG) issued its quarterly earnings results on Wednesday. The company reported C$0.08 EPS for the quarter, FiscalAI reports. The company had revenue of C$57.49 million during the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%.

Western Energy Services Stock Performance

WRG stock traded down C$0.04 during midday trading on Wednesday, hitting C$4.11. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 3,827. Western Energy Services has a 1 year low of C$2.05 and a 1 year high of C$4.15. The stock has a market cap of C$139.14 million, a price-to-earnings ratio of -5.41, a PEG ratio of 0.09 and a beta of -0.26. The stock’s 50-day moving average price is C$3.44 and its 200 day moving average price is C$3.09. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49.

About Western Energy Services

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.