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

Western Energy Services (OTCMKTS:WEEEF) issued its quarterly earnings data on Tuesday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. Western Energy Services had a negative return on equity of 0.18% and a negative net margin of 12.55%.The business had revenue of $27.87 million during the quarter.

Western Energy Services Stock Performance

Shares of WEEEF stock opened at $2.34 on Thursday. The stock has a fifty day moving average of $2.32 and a 200 day moving average of $2.12. Western Energy Services has a 52 week low of $1.45 and a 52 week high of $2.60. The firm has a market capitalization of $79.21 million, a price-to-earnings ratio of -4.25 and a beta of 0.18. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.32.

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.