Western Energy Services (OTCMKTS:WEEEF) Shares Down 0.6% – Here’s Why

Western Energy Services Corp. (OTCMKTS:WEEEF) shares traded down 0.6% during mid-day trading on Wednesday . The company traded as low as $2.45 and last traded at $2.45. Approximately 100 shares changed hands during mid-day trading, an increase of 328% from the average session volume of 23 shares. The stock had previously closed at $2.4650.

Western Energy Services Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. The company’s 50 day moving average is $2.38 and its 200 day moving average is $2.29. The stock has a market cap of $82.93 million, a price-to-earnings ratio of -4.45 and a beta of 0.21.

Western Energy Services (OTCMKTS:WEEEF) last issued its earnings results on Tuesday, July 28th. The company reported ($0.09) earnings per share for the quarter. Western Energy Services had a negative return on equity of 0.18% and a negative net margin of 12.55%.The company had revenue of $27.87 million for the quarter.

Western Energy Services Company Profile

Western Energy Services Corp. is a Canadian oilfield services company that provides contract drilling and related services to oil and natural gas producers. Its operations support the exploration, development, and production of conventional and unconventional energy resources.

Through its operating businesses, including Horizon Drilling, the company provides land-based drilling services using a fleet of drilling rigs and associated equipment. Its services are designed for a range of well depths and field conditions, with an emphasis on serving oil and gas operators in Western Canada.

Western Energy Services has historically focused on the Western Canadian Sedimentary Basin, including energy-producing regions in Alberta and Saskatchewan.