Western Energy Services (OTCMKTS:WEEEF) Shares Down 6.1% – Time to Sell?

Western Energy Services Corp. (OTCMKTS:WEEEF) shares were down 6.1% during trading on Thursday . The company traded as low as $1.71 and last traded at $1.71. Approximately 500 shares traded hands during trading, a decline of 44% from the average daily volume of 891 shares. The stock had previously closed at $1.83.

Western Energy Services Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $58.02 million, a PE ratio of -11.43 and a beta of 0.90. The firm has a fifty day moving average price of $1.93 and a two-hundred day moving average price of $2.01.

Western Energy Services (OTCMKTS:WEEEF) last released its earnings results on Tuesday, October 29th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $42.77 million for the quarter. Western Energy Services had a negative return on equity of 2.37% and a negative net margin of 3.19%.

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.