Western Energy Services (TSE:WRG) Hits New 52-Week High – Should You Buy?

Western Energy Services Corp. (TSE:WRG)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$4.20 and last traded at C$4.20, with a volume of 1,100 shares traded. The stock had previously closed at C$4.00.

Western Energy Services Stock Up 5.0%

The firm has a market capitalization of C$142.18 million, a PE ratio of -6.89, a price-to-earnings-growth ratio of 0.09 and a beta of -0.26. The firm’s 50-day moving average is C$3.51 and its 200 day moving average is C$3.13. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Western Energy Services (TSE:WRG) last posted its earnings results on Wednesday, October 28th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$57.49 million during the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. As a group, research analysts forecast that Western Energy Services Corp. will post 0.15 earnings per share for the current fiscal year.

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.