Western Energy Services Corp. (TSE:WRG) Insider Sime Armoyan Acquires 32,300 Shares of Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 32,300 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of C$2.76 per share, with a total value of C$89,044.64.

Sime Armoyan also recently made the following trade(s):

• On Tuesday, April 23rd, Sime Armoyan acquired 1,300 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$3,575.00.
• On Monday, April 15th, Sime Armoyan acquired 300 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.74 per share, with a total value of C$822.00.
• On Tuesday, April 2nd, Sime Armoyan acquired 27,100 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$74,525.00.
• On Thursday, March 21st, Sime Armoyan acquired 63,300 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$174,068.67.
• On Monday, March 18th, Sime Armoyan acquired 21,200 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.75 per share, with a total value of C$58,300.00.
• On Thursday, March 14th, Sime Armoyan purchased 62,400 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.75 per share, with a total value of C$171,600.00.
• On Friday, March 1st, Sime Armoyan purchased 698,700 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.60 per share, with a total value of C$1,816,340.52.

Western Energy Services Stock Performance

Shares of WRG opened at C$2.73 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 38.97. The company has a market capitalization of C$92.38 million, a price-to-earnings ratio of -13.65, a PEG ratio of 0.09 and a beta of 1.59. The stock has a 50 day moving average of C$2.73 and a 200 day moving average of C$2.86. Western Energy Services Corp. has a 12 month low of C$2.22 and a 12 month high of C$3.95.

Western Energy Services (TSE:WRG) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C($0.06) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.09% and a negative return on equity of 2.30%. The firm had revenue of C$56.26 million for the quarter, compared to the consensus estimate of C$55.00 million. As a group, sell-side analysts forecast that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their price target on Western Energy Services from C$3.00 to C$2.75 and set a “hold” rating for the company in a research report on Thursday, April 18th.

Western Energy Services Company Profile

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.