Western Energy Services (OTCMKTS:WEEEF) Posts Quarterly Earnings Results

Western Energy Services (OTCMKTS:WEEEF) announced its quarterly earnings results on Wednesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Western Energy Services had a negative return on equity of 2.24% and a negative net margin of 3.02%.

Western Energy Services Stock Performance

WEEEF stock traded up $0.03 during mid-day trading on Wednesday, reaching $1.85. The company had a trading volume of 1,067 shares, compared to its average volume of 1,138. The stock’s 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $1.55. The stock has a market capitalization of $62.61 million, a P/E ratio of -13.21 and a beta of 0.54. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.33. Western Energy Services has a one year low of $1.30 and a one year high of $1.89.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.