Western Energy Services (TSE:WRG) Shares Cross Above Fifty Day Moving Average – Here’s Why

Western Energy Services Corp. (TSE:WRG) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$3.31 and traded as high as C$3.40. Western Energy Services shares last traded at C$3.40, with a volume of 2,700 shares changing hands.

Western Energy Services Stock Down 0.3%

The business’s fifty day simple moving average is C$3.31 and its 200 day simple moving average is C$3.22. The stock has a market cap of C$115.10 million, a price-to-earnings ratio of -4.47, a price-to-earnings-growth ratio of 0.09 and a beta of -0.26. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49.

Western Energy Services (TSE:WRG) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C($0.12) earnings per share (EPS) for the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%. The company had revenue of C$38.58 million during the quarter. Equities analysts forecast that Western Energy Services Corp. will post 0.15 earnings per share for the current fiscal year.

Western Energy Services Company Profile

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.