Western Energy Services (OTCMKTS:WEEEF) Issues Quarterly Earnings Results

Western Energy Services (OTCMKTS:WEEEF) issued its earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. Western Energy Services had a negative return on equity of 0.39% and a negative net margin of 12.75%.

Western Energy Services Stock Performance

Shares of WEEEF stock remained flat at $2.47 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.32. Western Energy Services has a 12-month low of $1.45 and a 12-month high of $2.60. The company has a 50-day simple moving average of $2.32 and a 200-day simple moving average of $2.11. The firm has a market cap of $83.62 million, a PE ratio of -4.41 and a beta of 0.18.

About Western Energy Services

Western Energy Services Corp (OTCMKTS:WEEEF) is a Calgary-based oilfield services company that offers well servicing and equipment rental solutions to upstream oil and gas operators. The company’s primary service lines include routine well servicing, snubbing and workover operations, and coiled tubing. Western Energy Services operates a fleet of well servicing rigs, snubbing units, and specialized rental equipment, such as compressor trucks and fracturing support equipment.

In its well servicing segment, the company provides mechanical maintenance, well intervention and completion support, including acidizing, nitrogen and hydraulic fracturing support services.