Western Energy Services (OTCMKTS:WEEEF) Shares Up 5.2% – Still a Buy?

Western Energy Services Corp. (OTCMKTS:WEEEF) rose 5.2% during mid-day trading on Tuesday . The company traded as high as $2.00 and last traded at $2.00. Approximately 100 shares traded hands 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 company’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. The stock has a market cap of $67.69 million, a P/E ratio of -13.33 and a beta of 0.88.

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

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.