Western Energy Services Corp. (TSE:WRG) Insider Sime Armoyan Purchases 6,300 Shares of Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan purchased 6,300 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of C$2.50 per share, for a total transaction of C$15,750.00.

Sime Armoyan also recently made the following trade(s):

• On Monday, December 30th, Sime Armoyan bought 4,600 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.50 per share, with a total value of C$11,500.00.
• On Friday, December 27th, Sime Armoyan purchased 400 shares of Western Energy Services stock. The stock was acquired at an average price of C$2.55 per share, for a total transaction of C$1,020.00.
• On Friday, December 20th, Sime Armoyan acquired 400 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.55 per share, with a total value of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan bought 1,300 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.47 per share, for a total transaction of C$3,206.06.
• On Friday, November 15th, Sime Armoyan purchased 200 shares of Western Energy Services stock. The stock was bought at an average price of C$2.52 per share, with a total value of C$504.00.
• On Tuesday, November 5th, Sime Armoyan purchased 100 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.50 per share, for a total transaction of C$250.00.

Western Energy Services Stock Performance

Western Energy Services stock opened at C$2.50 on Friday. The company has a market cap of C$84.60 million, a PE ratio of -11.90, a P/E/G ratio of 0.09 and a beta of 1.49. Western Energy Services Corp. has a 12 month low of C$2.43 and a 12 month high of C$3.31. The company has a fifty day moving average price of C$2.66 and a two-hundred day moving average price of C$2.78. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.

Western Energy Services (TSE:WRG) last announced its quarterly earnings data on Tuesday, October 29th. The company reported C($0.04) earnings per share for the quarter. Western Energy Services had a negative net margin of 3.45% and a negative return on equity of 2.40%. Research analysts expect that Western Energy Services Corp. will post 0.1499094 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WRG has been the subject of several research analyst reports. ATB Capital set a C$3.25 target price on shares of Western Energy Services and gave the stock a “sector perform” rating in a research report on Wednesday, January 15th. Atb Cap Markets upgraded Western Energy Services to a “hold” rating in a research note on Wednesday, January 15th.

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.