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

Western Energy Services Corp. (TSE:WRG)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as C$4.20 and last traded at C$4.20, with a volume of 1,100 shares trading hands. The stock had previously closed at C$4.00.

Western Energy Services Trading Up 5.0%

The firm has a market capitalization of C$142.18 million, a price-to-earnings ratio of -6.89, a price-to-earnings-growth ratio of 0.09 and a beta of -0.26. The business’s 50 day moving average price is C$3.51 and its 200-day moving average price is C$3.13. 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 data on Wednesday, October 28th. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$57.49 million during the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. Equities analysts forecast that Western Energy Services Corp. will post 0.15 EPS for the current fiscal 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.