Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Acquires 75,700 Shares of Stock

Western Energy Services Corp. (TSE:WRG - Get Free Report) insider Sime Armoyan bought 75,700 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of C$2.10 per share, for a total transaction of C$158,970.00.

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

• On Tuesday, March 4th, Sime Armoyan bought 5,000 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.30 per share, for a total transaction of C$11,500.00.
• On Friday, February 28th, Sime Armoyan purchased 200 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$470.00.
• On Wednesday, February 26th, Sime Armoyan acquired 800 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.35 per share, for a total transaction of C$1,880.00.
• On Monday, February 24th, Sime Armoyan bought 13,100 shares of Western Energy Services stock. The stock was bought at an average price of C$2.35 per share, with a total value of C$30,785.00.
• On Tuesday, February 18th, Sime Armoyan purchased 25,000 shares of Western Energy Services stock. The shares were bought at an average price of C$2.40 per share, for a total transaction of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan acquired 25,800 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$64,500.00.
• On Friday, February 7th, Sime Armoyan bought 200 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.50 per share, for a total transaction of C$500.00.
• On Wednesday, February 5th, Sime Armoyan purchased 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 shares were purchased at an average price of C$2.50 per share, with a total value of C$15,750.00.
• On Monday, December 30th, Sime Armoyan acquired 4,600 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$11,500.00.

Western Energy Services Stock Down 1.3 %

TSE:WRG traded down C$0.03 during midday trading on Tuesday, hitting C$2.23. 108 shares of the company were exchanged, compared to its average volume of 17,284. Western Energy Services Corp. has a fifty-two week low of C$1.85 and a fifty-two week high of C$3.31. The company has a market capitalization of C$75.46 million, a PE ratio of -10.62, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The company has a fifty day simple moving average of C$2.56 and a 200 day simple moving average of C$2.68.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. ATB Capital set a C$3.25 target price on Western Energy Services and gave the company a "sector perform" rating in a report on Wednesday, January 15th. Atb Cap Markets upgraded 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.