Western Energy Services (TSE:WRG) Hits New 12-Month High – What’s Next?

Western Energy Services Corp. (TSE:WRG)’s stock price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$3.92 and last traded at C$3.91, with a volume of 13,202 shares traded. The stock had previously closed at C$3.40.

Western Energy Services Stock Down 1.3%

The stock has a fifty day moving average price of C$3.34 and a 200 day moving average price of C$3.24. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46. The stock has a market capitalization of C$130.00 million, a P/E ratio of -5.05, a price-to-earnings-growth ratio of 0.09 and a beta of -0.26.

Western Energy Services (TSE:WRG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C($0.12) 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 company had revenue of C$38.58 million during the quarter. On average, research analysts forecast that Western Energy Services Corp. will post 0.15 earnings per share for the current year.

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.