Western Energy Services (TSE:WRG) Stock Passes Below 200-Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemWestern Energy Services Corp. (TSE:WRG – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.58 and traded as low as C$2.20. Western Energy Services shares last traded at C$2.24, with a volume of 1,900 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have issued reports on WRG. ATB Capital set a C$3.25 price objective on shares of Western Energy Services and gave the stock a “sector perform” rating in a report on Wednesday, January 15th. Atb Cap Markets upgraded shares of Western Energy Services to a “hold” rating in a report on Wednesday, January 15th.
Western Energy Services Stock Down 1.4 %
The stock has a 50-day moving average of C$2.34 and a 200 day moving average of C$2.58. The company has a market capitalization of C$73.43 million, a PE ratio of -10.33, a P/E/G ratio of 0.09 and a beta of 1.49. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49.
Insider Transactions at Western Energy Services
In related news, insider Sime Armoyan purchased 14,800 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of C$2.15 per share, for a total transaction of C$31,820.00. Insiders have acquired 167,600 shares of company stock worth $377,925 in the last ninety days. Company insiders own 32.65% of the company’s stock.
About Western Energy Services
Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies.
Recommended Stories
- Five stocks we like better than Western Energy Services
- Growth Stocks: What They Are, What They Are Not
- Archer Aviation’s Africa Deal Could Boost ACHR Stock
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Are Short Sellers Wrong About These 3 Semiconductor Stocks?
- With Risk Tolerance, One Size Does Not Fit All
- Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?