Western Energy Services Corp. (TSE:WRG) Insider Acquires C$30,785.00 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 13,100 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of C$2.35 per share, with a total value of C$30,785.00.

Sime Armoyan also recently made the following trade(s):

• On Tuesday, February 18th, Sime Armoyan acquired 25,000 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.40 per share, with a total value of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan bought 25,800 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.50 per share, for a total transaction of C$64,500.00.
• On Friday, February 7th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.50 per share, with a total value of C$500.00.
• On Wednesday, February 5th, Sime Armoyan bought 700 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.50 per share, for a total transaction of C$1,750.00.
• On Monday, January 27th, Sime Armoyan bought 6,300 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$15,750.00.
• On Monday, December 30th, Sime Armoyan acquired 4,600 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.50 per share, for a total transaction of C$11,500.00.
• On Friday, December 27th, Sime Armoyan bought 400 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.55 per share, with a total value of C$1,020.00.
• On Friday, December 20th, Sime Armoyan acquired 400 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan acquired 1,300 shares of Western Energy Services stock. The shares were bought at an average price of C$2.47 per share, with a total value of C$3,206.06.

Western Energy Services Stock Down 5.2 %

Shares of TSE:WRG traded down C$0.13 during trading hours on Tuesday, hitting C$2.35. The company’s stock had a trading volume of 896 shares, compared to its average volume of 5,286. 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 firm’s fifty day moving average price is C$2.62 and its 200 day moving average price is C$2.73. Western Energy Services Corp. has a 52 week low of C$2.35 and a 52 week high of C$3.31. The company has a market capitalization of C$79.52 million, a price-to-earnings ratio of -11.19, a P/E/G ratio of 0.09 and a beta of 1.49.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Atb Cap Markets upgraded shares of Western Energy Services to a “hold” rating in a research note on Wednesday, January 15th. ATB Capital set a C$3.25 target price on Western Energy Services and gave the stock a “sector perform” rating in a report on Wednesday, January 15th.

About Western Energy Services

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental equipment services.