Western Energy Services (OTCMKTS:WEEEF) Trading Up 10.3% - Time to Buy?

Western Energy Services Corp. (OTCMKTS:WEEEF - Get Free Report) was up 10.3% during mid-day trading on Wednesday . The stock traded as high as $1.55 and last traded at $1.55. Approximately 2,000 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 2,717 shares. The stock had previously closed at $1.41.

Western Energy Services Stock Performance

The firm has a market capitalization of $52.46 million, a price-to-earnings ratio of -10.33 and a beta of 0.73. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $1.63 and a 200-day moving average price of $1.83.

Western Energy Services (OTCMKTS:WEEEF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.04) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.19% and a negative return on equity of 2.37%. The company had revenue of $42.69 million during the quarter.

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.