Western Energy Services (TSE:WRG) Sets New 52-Week High – Time to Buy?

Western Energy Services Corp. (TSE:WRG) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$4.20 and last traded at C$4.20, with a volume of 1,100 shares. The stock had previously closed at C$4.00.

Western Energy Services Stock Performance

The firm has a fifty day simple moving average of C$3.54 and a 200 day simple moving average of C$3.15. The company has a market capitalization of C$120.18 million, a price-to-earnings ratio of -5.82, a price-to-earnings-growth ratio of 0.09 and a beta of -0.48. 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 results on Wednesday, October 28th. The company reported C$0.08 EPS for the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. The company had revenue of C$57.49 million during the quarter. On average, analysts anticipate that Western Energy Services Corp. will post 0.15 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. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment.