Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Buys 27,100 Shares of Stock

Western Energy Services Corp. (TSE:WRGGet Free Report) insider Sime Armoyan acquired 27,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average price of C$2.75 per share, with a total value of C$74,525.00.

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

  • On Thursday, March 21st, Sime Armoyan purchased 63,300 shares of Western Energy Services stock. The stock was acquired at an average price of C$2.75 per share, with a total value of C$174,068.67.
  • On Monday, March 18th, Sime Armoyan purchased 21,200 shares of Western Energy Services stock. The stock was acquired at an average price 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 stock was acquired at an average price 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 stock was acquired at an average price of C$2.60 per share, with a total value of C$1,816,340.52.

Western Energy Services Stock Performance

Shares of TSE:WRG remained flat at C$2.75 during trading on Wednesday. The stock had a trading volume of 24,028 shares, compared to its average volume of 40,510. The company has a debt-to-equity ratio of 38.97, a quick ratio of 1.46 and a current ratio of 1.66. Western Energy Services Corp. has a 1-year low of C$2.20 and a 1-year high of C$3.95. The firm has a market capitalization of C$93.06 million, a price-to-earnings ratio of -13.75, a price-to-earnings-growth ratio of 0.09 and a beta of 1.60. The company has a 50-day moving average price of C$2.68 and a 200-day moving average price of C$2.97.

Western Energy Services (TSE:WRGGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported C($0.06) EPS for the quarter. The company had revenue of C$56.26 million for the quarter, compared to analyst estimates of C$55.00 million. Western Energy Services had a negative return on equity of 2.30% and a negative net margin of 3.09%. As a group, equities research analysts forecast that Western Energy Services Corp. will post 0.1499094 EPS for the current year.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their target price on Western Energy Services from C$3.25 to C$3.00 and set a “hold” rating for the company in a report on Wednesday, January 10th.

Read Our Latest Stock Report on WRG

About Western Energy Services

(Get Free Report)

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.

Further Reading

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