Western Energy Services (TSE:WRG) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Western Energy Services Corp. (TSE:WRG) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.07 and traded as high as C$3.26. Western Energy Services shares last traded at C$3.20, with a volume of 4,180 shares.

Western Energy Services Price Performance

The company has a market capitalization of C$107.30 million, a P/E ratio of -4.06, a price-to-earnings-growth ratio of 0.09 and a beta of -0.11. 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’s 50-day moving average is C$3.08 and its 200-day moving average is C$2.69.

Western Energy Services (TSE:WRG) last released its quarterly earnings results on Tuesday, April 28th. The company reported C$0.05 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 business had revenue of C$55.26 million for the quarter. Analysts predict that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal 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.