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

Western Energy Services Corp. (OTCMKTS:WEEEF)’s stock price 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 were traded 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 Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $58.02 million, a PE ratio of -11.43 and a beta of 0.90. The company has a fifty day moving average price of $1.93 and a 200-day moving average price of $2.01.

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

Western Energy Services Company Profile

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.