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

Western Energy Services Corp. (TSE:WRG) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.09 and traded as high as C$2.17. Western Energy Services shares last traded at C$2.05, with a volume of 15,905 shares.

Western Energy Services Stock Performance

The stock has a 50 day moving average of C$2.09 and a 200 day moving average of C$2.11. The company has a market capitalization of C$69.38 million, a price-to-earnings ratio of -10.79, a price-to-earnings-growth ratio of 0.09 and a beta of 0.40. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49.

Western Energy Services (TSE:WRG) last released its quarterly earnings results on Tuesday, October 21st. The company reported C($0.07) earnings per share (EPS) for the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%.The firm had revenue of C$50.04 million for the quarter. As a group, analysts predict that Western Energy Services Corp. will post 0.1499094 EPS for the current year.

Insider Buying and Selling

In other Western Energy Services news, insider Sime Armoyan acquired 12,400 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were bought at an average cost of C$2.03 per share, with a total value of C$25,172.00. Following the purchase, the insider directly owned 6,920,256 shares of the company’s stock, valued at C$14,048,119.68. This trade represents a 0.18% increase in their ownership of the stock. Insiders have acquired a total of 13,500 shares of company stock worth $27,425 over the last quarter. Corporate insiders own 32.65% of the company’s stock.

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.