Western Energy Services (OTCMKTS:WEEEF) Posts Quarterly Earnings Results

Western Energy Services (OTCMKTS:WEEEF) released its earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, Zacks reports. Western Energy Services had a negative return on equity of 2.37% and a negative net margin of 3.19%. The firm had revenue of $42.69 million for the quarter.

Western Energy Services Stock Performance

Shares of OTCMKTS WEEEF opened at $1.82 on Friday. The firm has a market capitalization of $61.59 million, a price-to-earnings ratio of -12.13 and a beta of 0.85. Western Energy Services has a one year low of $1.71 and a one year high of $2.15. The business has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $1.96. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35.

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.