Western Energy Services Corp. (TSE:WRG – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.75 and traded as high as C$2.80. Western Energy Services shares last traded at C$2.80, with a volume of 105 shares trading hands.
Analyst Ratings Changes
Separately, Stifel Nicolaus reduced their price target on Western Energy Services from C$3.00 to C$2.75 and set a “hold” rating on the stock in a report on Thursday, April 18th.
Western Energy Services Stock Performance
Western Energy Services (TSE:WRG – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$56.26 million during the quarter, compared to analysts’ expectations of C$55.00 million. Western Energy Services had a negative net margin of 4.61% and a negative return on equity of 3.24%. On average, analysts forecast that Western Energy Services Corp. will post 0.1499094 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Sime Armoyan bought 62,400 shares of the stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of C$2.75 per share, for a total transaction of C$171,600.00. Insiders have bought a total of 906,600 shares of company stock valued at $2,388,276 over the last quarter. 32.65% of the stock is owned by corporate insiders.
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.
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