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Western Energy Services (OTCMKTS:WEEEF) Shares Down 6.1% - Should You Sell?

Western Energy Services logo with Oils/Energy background

Shares of Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) traded down 6.1% during mid-day trading on Thursday . The company traded as low as $1.71 and last traded at $1.71. 500 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 891 shares. The stock had previously closed at $1.83.

Western Energy Services Trading Down 6.1 %

The firm has a 50-day moving average of $1.94 and a 200 day moving average of $2.01. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $58.02 million, a price-to-earnings ratio of -11.43 and a beta of 0.90.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.03) EPS for the quarter. The business had revenue of $42.77 million for the quarter. Western Energy Services had a negative net margin of 3.19% and a negative return on equity of 2.37%.

Western Energy Services Company Profile

(Get Free Report)

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.

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