Western Energy Services (OTCMKTS:WEEEF) Trading Up 1% – Time to Buy?

Western Energy Services Corp. (OTCMKTS:WEEEF) shares were up 1% during mid-day trading on Thursday . The company traded as high as $1.89 and last traded at $1.89. Approximately 615 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 2,459 shares. The stock had previously closed at $1.87.

Western Energy Services Stock Performance

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 stock has a market capitalization of $63.89 million, a price-to-earnings ratio of -12.59 and a beta of 0.84. The company’s 50-day moving average is $1.88 and its 200-day moving average is $2.00.

Western Energy Services (OTCMKTS:WEEEF) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.03) EPS for the quarter. The firm 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%.

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.