Sime Armoyan Acquires 25,000 Shares of Western Energy Services Corp. (TSE:WRG) Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of C$2.40 per share, with a total value of C$60,000.00.

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

• On Thursday, February 13th, Sime Armoyan purchased 25,800 shares of Western Energy Services stock. The stock was acquired 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 bought at an average cost 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 bought 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 bought 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, for a total transaction of C$1,020.00.
• On Friday, December 20th, Sime Armoyan bought 400 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.55 per share, with a total value of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan purchased 1,300 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.47 per share, for a total transaction of C$3,206.06.

Western Energy Services Price Performance

TSE:WRG traded down C$0.12 during mid-day trading on Wednesday, reaching C$2.38. 51,182 shares of the company were exchanged, compared to its average volume of 5,326. 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 stock has a market cap of C$80.54 million, a PE ratio of -11.33, a PEG ratio of 0.09 and a beta of 1.49. Western Energy Services Corp. has a 12 month low of C$2.35 and a 12 month high of C$3.31. The company has a fifty day moving average of C$2.64 and a 200 day moving average of C$2.75.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WRG. ATB Capital set a C$3.25 target price on shares of Western Energy Services and gave the company 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.