Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Purchases C$60,000.00 in Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 25,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price 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 cost of C$2.50 per share, for a total transaction of C$64,500.00.
• On Friday, February 7th, Sime Armoyan purchased 200 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$500.00.
• On Wednesday, February 5th, Sime Armoyan acquired 700 shares of Western Energy Services stock. The shares were purchased at an average cost 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 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 acquired 4,600 shares of Western Energy Services stock. The stock was 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 bought 400 shares of Western Energy Services stock. The shares were 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 purchased 400 shares of Western Energy Services stock. The stock was acquired at an average cost 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 cost of C$2.47 per share, for a total transaction of C$3,206.06.

Western Energy Services Stock Performance

Shares of TSE:WRG opened at C$2.37 on Friday. The stock has a market capitalization of C$80.20 million, a P/E ratio of -11.29, a P/E/G ratio of 0.09 and a beta of 1.49. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. Western Energy Services Corp. has a 1-year low of C$2.35 and a 1-year high of C$3.31. The business has a 50-day moving average price of C$2.63 and a two-hundred day moving average price of C$2.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WRG shares. 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 raised Western Energy Services to a “hold” rating in a report 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.