Western Energy Services (TSE:WRG) Shares Pass Above 50 Day Moving Average – Here’s Why

Western Energy Services Corp. (TSE:WRG)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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.

Western Energy Services Trading Up 14.0%

The stock has a fifty day moving average of C$3.04 and a 200 day moving average of C$2.59. The company has a market capitalization of C$115.77 million, a P/E ratio of -4.38, a PEG ratio of 0.09 and a beta of 0.01. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Western Energy Services (TSE:WRG) last announced its earnings results on Tuesday, April 28th. The company reported C$0.05 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 company had revenue of C$55.26 million for the quarter. As a group, equities research analysts anticipate 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.