Western Energy Services (OTCMKTS:WEEEF) Trading Up 5.2% – Should You Buy?

Shares of Western Energy Services Corp. (OTCMKTS:WEEEF) rose 5.2% during trading on Tuesday . The stock traded as high as $2.00 and last traded at $2.00. Approximately 100 shares were traded during trading, a decline of 90% from the average daily volume of 957 shares. The stock had previously closed at $1.90.

Western Energy Services Price Performance

The stock has a market capitalization of $67.00 million, a PE ratio of -13.20 and a beta of 0.89. The firm’s 50 day simple moving average is $2.07 and its 200 day simple moving average is $2.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.82.

Western Energy Services (OTCMKTS:WEEEF) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.03) EPS for the quarter. Western Energy Services had a negative return on equity of 2.36% and a negative net margin of 3.19%. The business had revenue of $42.77 million for 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.