Western Energy Services (TSE:WRG) Shares Pass Above 50 Day Moving Average – Should You Sell?

Western Energy Services Corp. (TSE:WRG)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.68 and traded as high as C$3.20. Western Energy Services shares last traded at C$3.12, with a volume of 3,902 shares.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets decreased their price objective on shares of Western Energy Services from C$2.75 to C$2.50 and set a “sector perform” rating for the company in a report on Friday, December 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Western Energy Services presently has a consensus rating of “Hold” and an average price target of C$2.50.

Western Energy Services Stock Performance

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 firm has a market capitalization of C$108.30 million, a PE ratio of -4.21, a P/E/G ratio of 0.09 and a beta of 0.48. The company’s fifty day simple moving average is C$2.72 and its 200 day simple moving average is C$2.31.

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.