Western Energy Services (TSE:WRG) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Western Energy Services Corp. (TSE:WRG)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$3.12 and traded as high as C$3.34. Western Energy Services shares last traded at C$3.33, with a volume of 337 shares.

Western Energy Services Price Performance

The firm has a market cap of C$112.72 million, a PE ratio of -4.27, 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 stock’s fifty day moving average price is C$3.12 and its 200-day moving average price is C$2.73.

Western Energy Services (TSE:WRG) last released its 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. As a group, equities analysts expect that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal 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.