Western Energy Services Corp. (TSE:WRG) Insider Sime Armoyan Buys 25,000 Shares

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 25,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$2.40 per share, with a total value of C$60,000.00.

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

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

Western Energy Services Stock Performance

WRG stock opened at C$2.40 on Thursday. The company has a market cap of C$81.22 million, a P/E ratio of -11.43, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. 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 Corp. has a 1 year low of C$2.35 and a 1 year high of C$3.31. The stock’s fifty day moving average price is C$2.63 and its 200-day moving average price is C$2.74.

Wall Street Analysts Forecast Growth

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