Western Energy Services (OTCMKTS:WEEEF) Posts Quarterly Earnings Results

Western Energy Services (OTCMKTS:WEEEF) posted its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, reports. Western Energy Services had a negative net margin of 4.61% and a negative return on equity of 3.33%. The business had revenue of $45.98 million for the quarter.

Western Energy Services Stock Performance

Shares of OTCMKTS:WEEEF opened at $2.01 on Thursday. Western Energy Services has a 12 month low of $1.68 and a 12 month high of $2.89. The company’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $2.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.66 and a quick ratio of 1.66.

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.