Sime Armoyan Buys 12,400 Shares of Western Energy Services (TSE:WRG) Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan purchased 12,400 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was bought at an average price of C$2.03 per share, for a total transaction of C$25,172.00. Following the transaction, the insider directly owned 6,920,256 shares of the company’s stock, valued at C$14,048,119.68. This trade represents a 0.18% increase in their position.

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

• On Wednesday, September 10th, Sime Armoyan bought 100 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.03 per share, with a total value of C$203.00.

Western Energy Services Price Performance

WRG traded down C$0.09 during trading on Friday, hitting C$2.09. 705 shares of the stock traded hands, compared to its average volume of 5,885. 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 Corp. has a twelve month low of C$1.85 and a twelve month high of C$3.10. The company has a market cap of C$70.73 million, a price-to-earnings ratio of -11.00, a PEG ratio of 0.09 and a beta of 0.40. The business has a 50 day moving average price of C$2.09 and a 200 day moving average price of C$2.11.

Western Energy Services (TSE:WRG) last released its quarterly earnings data on Tuesday, October 21st. The company reported C($0.07) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. The business had revenue of C$50.04 million during the quarter. Equities research analysts forecast that Western Energy Services Corp. will post 0.1499094 earnings per share 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.