Western Energy Services (OTCMKTS:WEEEF) Releases Earnings Results

Western Energy Services (OTCMKTS:WEEEF) announced its quarterly earnings data on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports. Western Energy Services had a negative net margin of 3.02% and a negative return on equity of 2.24%.

Western Energy Services Stock Performance

Shares of WEEEF traded up $0.05 during mid-day trading on Wednesday, reaching $1.85. The company’s stock had a trading volume of 1,067 shares, compared to its average volume of 1,133. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.33. Western Energy Services has a 1-year low of $1.30 and a 1-year high of $1.89. The business has a 50-day simple moving average of $1.63 and a two-hundred day simple moving average of $1.55. The stock has a market cap of $62.61 million, a P/E ratio of -13.21 and a beta of 0.54.

Western Energy Services Company Profile

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.