Insider Buying: Western Energy Services Corp (WRG) Director Buys 2,508,800 Shares of Stock

Western Energy Services Corp (TSE:WRG) Director Ronald Mathison acquired 2,508,800 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average price of C$1.32 per share, for a total transaction of C$3,311,616.00.

Ronald Mathison also recently made the following trade(s):

  • On Wednesday, January 17th, Ronald Mathison purchased 650,000 shares of Western Energy Services stock. The shares were purchased at an average price of C$1.32 per share, for a total transaction of C$858,000.00.

Shares of Western Energy Services Corp (TSE WRG) traded down C$0.02 during mid-day trading on Friday, hitting C$1.32. The company’s stock had a trading volume of 241,480 shares, compared to its average volume of 677,523. The stock has a market capitalization of $118.91, a price-to-earnings ratio of -2.06 and a beta of -0.21. Western Energy Services Corp has a 12 month low of C$0.96 and a 12 month high of C$3.47.

Western Energy Services (TSE:WRG) last issued its quarterly earnings data on Wednesday, October 25th. The company reported C($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.15) by C($0.01). Western Energy Services had a negative return on equity of 12.39% and a negative net margin of 21.20%.

WRG has been the topic of several analyst reports. Canaccord Genuity set a C$1.50 price objective on Western Energy Services and gave the company a “hold” rating in a research note on Monday, September 25th. Royal Bank of Canada dropped their price objective on Western Energy Services from C$2.50 to C$2.00 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. TD Securities dropped their price objective on Western Energy Services from C$1.50 to C$1.40 and set a “hold” rating on the stock in a report on Wednesday, October 18th. GMP Securities dropped their price objective on Western Energy Services from C$1.50 to C$1.25 in a report on Friday, October 27th. Finally, Raymond James Financial dropped their price objective on Western Energy Services from C$1.40 to C$1.20 and set a “market perform” rating on the stock in a report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$1.98.

TRADEMARK VIOLATION NOTICE: This news story was first published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/19/insider-buying-western-energy-services-corp-wrg-director-buys-2508800-shares-of-stock.html.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services. It operates a fleet of 56 drilling rigs and associated equipment, including 51 in Canada and 5 in the United States.

Receive News & Ratings for Western Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply