Sime Armoyan Buys 6,300 Shares of Western Energy Services Corp. (TSE:WRG) Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 6,300 shares of Western Energy Services stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of C$2.50 per share, with a total value of C$15,750.00.

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

• On Monday, December 30th, Sime Armoyan purchased 4,600 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.50 per share, for a total transaction 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, with a total value of C$1,020.00.
• On Friday, December 20th, Sime Armoyan bought 400 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan purchased 1,300 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.47 per share, with a total value of C$3,206.06.
• On Friday, November 15th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were bought at an average price of C$2.52 per share, for a total transaction of C$504.00.
• On Tuesday, November 5th, Sime Armoyan bought 100 shares of Western Energy Services stock. The stock was bought at an average price of C$2.50 per share, with a total value of C$250.00.

Western Energy Services Price Performance

TSE:WRG opened at C$2.50 on Friday. 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 business’s 50-day moving average price is C$2.66 and its 200 day moving average price is C$2.78. Western Energy Services Corp. has a 52-week low of C$2.43 and a 52-week high of C$3.31. The firm has a market cap of C$84.60 million, a P/E ratio of -11.90, a PEG ratio of 0.09 and a beta of 1.49.

Western Energy Services (TSE:WRG) last announced its quarterly earnings data on Tuesday, October 29th. The company reported C($0.04) earnings per share (EPS) for the quarter. Western Energy Services had a negative return on equity of 2.40% and a negative net margin of 3.45%. As a group, sell-side analysts predict that Western Energy Services Corp. will post 0.1499094 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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