Western Energy Services Corp. (TSE:WRG) Insider Buys C$64,500.00 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 25,800 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of C$2.50 per share, with a total value of C$64,500.00.

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

• On Friday, February 7th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were bought at an average price of C$2.50 per share, with a total value of C$500.00.
• On Wednesday, February 5th, Sime Armoyan acquired 700 shares of Western Energy Services stock. The shares were bought 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 purchased 6,300 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.50 per share, for a total transaction of C$15,750.00.
• On Monday, December 30th, Sime Armoyan purchased 4,600 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.50 per share, for a total transaction 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 cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Friday, December 20th, Sime Armoyan purchased 400 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.55 per share, for a total transaction of C$1,020.00.
• On Tuesday, December 17th, Sime Armoyan acquired 1,300 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.47 per share, for a total transaction of C$3,206.06.

Western Energy Services Stock Performance

WRG stock traded down C$0.02 during trading on Friday, reaching C$2.50. 25,857 shares of the company’s stock were exchanged, compared to its average volume of 3,143. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 37.49. Western Energy Services Corp. has a 1-year low of C$2.43 and a 1-year high of C$3.31. The company’s fifty day moving average price is C$2.64 and its 200-day moving average price is C$2.76. The firm 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WRG shares. Atb Cap Markets raised Western Energy Services to a “hold” rating in a research note on Wednesday, January 15th. ATB Capital set a C$3.25 price objective on Western Energy Services and gave the company a “sector perform” rating in a research note on Wednesday, January 15th.

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.