Western Energy Services Corp. (OTCMKTS:WEEEF – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 289 shares, a growth of 681.1% from the August 31st total of 37 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 23 shares, the days-to-cover ratio is presently 12.6 days.
Western Energy Services Stock Up 0.8%
WEEEF traded up $0.02 during mid-day trading on Thursday, reaching $2.47. 222 shares of the stock were exchanged, compared to its average volume of 975. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $83.61 million, a PE ratio of -4.49 and a beta of 0.21. The company has a 50 day moving average price of $2.40 and a two-hundred day moving average price of $2.31. Western Energy Services has a 1 year low of $1.45 and a 1 year high of $2.60.
Western Energy Services (OTCMKTS:WEEEF – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $27.87 million during the quarter. Western Energy Services had a negative return on equity of 0.18% and a negative net margin of 12.55%.
About Western Energy Services
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.
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