Western Energy Services (TSE:WRG) Releases Earnings Results

Western Energy Services (TSE:WRG) released its quarterly earnings results on Tuesday. The company reported C($0.12) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$38.58 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

Western Energy Services stock opened at C$3.23 on Thursday. The stock’s 50-day moving average is C$3.28 and its 200-day moving average is C$2.95. The company has a market cap of C$109.34 million, a price-to-earnings ratio of -4.14, a price-to-earnings-growth ratio of 0.09 and a beta of -0.22. Western Energy Services has a 12 month low of C$2.01 and a 12 month high of C$3.68. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.

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.