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

by · The Cerbat Gem

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

Western Energy Services Stock Performance

WEEEF stock remained flat at $2.47 on Tuesday. The stock has a market capitalization of $83.62 million, a P/E ratio of -4.41 and a beta of 0.18. Western Energy Services has a one year low of $1.45 and a one year high of $2.60. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $2.32 and a two-hundred day simple moving average of $2.11.

About Western Energy Services

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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.

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