Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Acquires 25,000 Shares of Stock

Posted by Dante Gardener on Feb 21st, 2025

Western Energy Services Corp. (TSE:WRG – Get Free Report) insider Sime Armoyan acquired 25,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of C$2.40 per share, with a total value of C$60,000.00.

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

On Thursday, February 13th, Sime Armoyan bought 25,800 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$64,500.00.
On Friday, February 7th, Sime Armoyan bought 200 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$500.00.
On Wednesday, February 5th, Sime Armoyan bought 700 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$1,750.00.
On Monday, January 27th, Sime Armoyan bought 6,300 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, with a total value of C$15,750.00.
On Monday, December 30th, Sime Armoyan bought 4,600 shares of Western Energy Services stock. The stock was purchased 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 acquired 400 shares of Western Energy Services stock. The shares were bought at an average price of C$2.55 per share, with a total value of C$1,020.00.
On Friday, December 20th, Sime Armoyan acquired 400 shares of Western Energy Services stock. The shares were bought 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 acquired 1,300 shares of Western Energy Services stock. The shares were bought at an average price of C$2.47 per share, with a total value of C$3,206.06.

Western Energy Services Stock Down 1.2 %

TSE:WRG opened at C$2.37 on Friday. The company has a market cap of C$80.20 million, a PE ratio of -11.29, a P/E/G ratio of 0.09 and a beta of 1.49. Western Energy Services Corp. has a twelve month low of C$2.35 and a twelve month high of C$3.31. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The company’s 50 day moving average is C$2.63 and its two-hundred day moving average is C$2.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Atb Cap Markets upgraded shares of Western Energy Services to a “hold” rating in a report on Wednesday, January 15th. ATB Capital set a C$3.25 price objective on shares of Western Energy Services and gave the company a “sector perform” rating in a report on Wednesday, January 15th.

Read Our Latest Analysis on Western Energy Services

About Western Energy Services

(Get Free Report)

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.