Western Energy Services (OTCMKTS:WEEEF) Issues Earnings Results

Western Energy Services (OTCMKTS:WEEEF) released its quarterly earnings data on Tuesday. The company reported ($0.09) EPS for the quarter, Zacks reports. Western Energy Services had a negative net margin of 12.75% and a negative return on equity of 0.39%.

Western Energy Services Stock Performance

Shares of Western Energy Services stock opened at $2.47 on Wednesday. The business has a 50-day moving average of $2.32 and a 200 day moving average of $2.11. Western Energy Services has a 12 month low of $1.45 and a 12 month high of $2.60. The stock has a market capitalization of $83.61 million, a price-to-earnings ratio of -4.41 and a beta of 0.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.66 and a quick ratio of 1.66.

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.