Western Energy Services (OTCMKTS:WEEEF) Releases Earnings Results

Western Energy Services (OTCMKTS:WEEEF) posted its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, reports. The firm had revenue of $41.93 million for the quarter. Western Energy Services had a negative net margin of 3.02% and a negative return on equity of 2.24%.

Western Energy Services Stock Performance

Western Energy Services stock traded down $0.03 during mid-day trading on Thursday, reaching $1.82. 1,000 shares of the company traded hands, compared to its average volume of 1,120. The firm’s fifty day moving average is $1.64 and its two-hundred day moving average is $1.55. The company has a market capitalization of $61.59 million, a price-to-earnings ratio of -13.00 and a beta of 0.54. Western Energy Services has a fifty-two week low of $1.30 and a fifty-two week high of $1.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.90 and a quick ratio of 1.90.

Western Energy Services Company Profile

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.