Western Energy Services Corp. (TSE:WRG) Insider Buys C$11,500.00 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 5,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of C$2.30 per share, for a total transaction of C$11,500.00.

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

• On Friday, February 28th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.35 per share, with a total value of C$470.00.
• On Wednesday, February 26th, Sime Armoyan purchased 800 shares of Western Energy Services stock. The stock was bought at an average price of C$2.35 per share, for a total transaction of C$1,880.00.
• On Monday, February 24th, Sime Armoyan acquired 13,100 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.35 per share, with a total value of C$30,785.00.
• On Tuesday, February 18th, Sime Armoyan bought 25,000 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.40 per share, for a total transaction of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan purchased 25,800 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.50 per share, with a total value of C$64,500.00.
• On Friday, February 7th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.50 per share, for a total transaction of C$500.00.
• On Wednesday, February 5th, Sime Armoyan bought 700 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$1,750.00.
• On Monday, January 27th, Sime Armoyan purchased 6,300 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, for a total transaction of C$15,750.00.
• On Monday, December 30th, Sime Armoyan acquired 4,600 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.50 per share, with a total value of C$11,500.00.
• On Friday, December 27th, Sime Armoyan bought 400 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.55 per share, with a total value of C$1,020.00.

Western Energy Services Stock Performance

Shares of Western Energy Services stock traded down C$0.36 on Tuesday, reaching C$1.98. 11,004 shares of the stock were exchanged, compared to its average volume of 5,440. The business has a 50 day moving average price of C$2.60 and a two-hundred day moving average price of C$2.71. The firm has a market capitalization of C$67.00 million, a price-to-earnings ratio of -9.43, a PEG ratio of 0.09 and a beta of 1.49. Western Energy Services Corp. has a twelve month low of C$1.98 and a twelve month high of C$3.31. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49.

Wall Street Analyst Weigh In

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