Western Energy Services (OTCMKTS:WEEEF) Trading Down 2% – Here’s Why

Western Energy Services Corp. (OTCMKTS:WEEEF)’s share price traded down 2% on Monday . The company traded as low as $2.2550 and last traded at $2.2550. 1,500 shares were traded during trading, an increase of 2,071% from the average session volume of 69 shares. The stock had previously closed at $2.2999.

Western Energy Services Trading Down 2.0%

The business’s 50-day moving average is $2.08 and its two-hundred day moving average is $1.72. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $76.33 million, a PE ratio of -4.10 and a beta of 0.34.

Western Energy Services (OTCMKTS:WEEEF) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter. Western Energy Services had a negative net margin of 11.90% and a negative return on equity of 0.22%. The firm had revenue of $41.93 million during the quarter.

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.