Western Energy Services (TSE:WRG) Posts Quarterly Earnings Results

Western Energy Services (TSE:WRG) posted its earnings results on Tuesday. The company reported C($0.12) EPS for the quarter, FiscalAI reports. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. The business had revenue of C$38.58 million during the quarter.

Western Energy Services Price Performance

TSE:WRG opened at C$3.35 on Wednesday. Western Energy Services has a 52-week low of C$2.01 and a 52-week high of C$3.68. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. The firm has a market cap of C$113.40 million, a P/E ratio of -4.29, a PEG ratio of 0.09 and a beta of -0.22. The business’s 50-day moving average price is C$3.27 and its 200 day moving average price is C$2.94.

About Western Energy Services

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.