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

Western Energy Services Corp. (TSE:WRG) shares hit a new 52-week high during mid-day trading on Monday. The company traded as high as C$4.00 and last traded at C$4.00, with a volume of 800 shares changing hands. The stock had previously closed at C$3.93.

Western Energy Services Trading Up 1.8%

The stock has a market cap of C$135.41 million, a P/E ratio of -5.26, a price-to-earnings-growth ratio of 0.09 and a beta of -0.26. The stock’s 50-day moving average is C$3.41 and its two-hundred day moving average is C$3.27. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.

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