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

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan bought 6,300 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were bought 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 acquired 4,600 shares of Western Energy Services stock. The shares were bought at an average price of C$2.50 per share, for a total transaction of C$11,500.00.
• On Friday, December 27th, Sime Armoyan bought 400 shares of Western Energy Services stock. The stock was purchased 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 purchased 400 shares of Western Energy Services stock. The shares were purchased 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, with a total value of C$3,206.06.
• On Friday, November 15th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.52 per share, with a total value of C$504.00.
• On Tuesday, November 5th, Sime Armoyan bought 100 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.50 per share, for a total transaction of C$250.00.

Western Energy Services Price Performance

WRG stock opened at C$2.50 on Monday. The firm has a market capitalization 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. 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 twelve month low of C$2.43 and a twelve month high of C$3.31. The stock’s 50 day moving average is C$2.66 and its 200-day moving average is C$2.78.

Analysts Set New Price Targets

Several research analysts have 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 target price on shares of Western Energy Services and gave the stock a “sector perform” rating in a research report 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.