Western Energy Services (TSE:WRG) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Western Energy Services Corp. (TSE:WRG) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.04 and traded as high as C$3.44. Western Energy Services shares last traded at C$3.42, with a volume of 13,268 shares changing hands.

Western Energy Services Stock Performance

The firm has a market cap of C$116.78 million, a price-to-earnings ratio of -4.42, a price-to-earnings-growth ratio of 0.09 and a beta of -0.11. The stock’s 50 day moving average is C$3.05 and its 200 day moving average is C$2.61. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49.

Western Energy Services (TSE:WRG) last announced its quarterly earnings results on Tuesday, April 28th. The company reported C$0.05 EPS for the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. The business had revenue of C$55.26 million for the quarter. Analysts anticipate that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

Western Energy Services Company Profile

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.