Western Energy Services (TSE:WRG) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Western Energy Services Corp. (TSE:WRG) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.56 and traded as high as C$3.14. Western Energy Services shares last traded at C$3.14, with a volume of 230 shares.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets reduced their price objective on shares of Western Energy Services from C$2.75 to C$2.50 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$2.50.

Western Energy Services Stock Up 0.3%

The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46. The stock has a market cap of C$106.27 million, a price-to-earnings ratio of -4.13, a price-to-earnings-growth ratio of 0.09 and a beta of 0.48. The firm has a 50 day simple moving average of C$2.56 and a two-hundred day simple moving average of C$2.25.

About Western Energy Services

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment.