Western Energy Services Corp. (TSE:WRG) Insider Sime Armoyan Acquires 25,800 Shares

Posted by Jon Anderson on Feb 14th, 2025

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

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

On Friday, February 7th, Sime Armoyan purchased 200 shares of Western Energy Services stock. The shares were acquired at an average cost of C$2.50 per share, for a total transaction of C$500.00.
On Wednesday, February 5th, Sime Armoyan bought 700 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$1,750.00.
On Monday, January 27th, Sime Armoyan bought 6,300 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$15,750.00.
On Monday, December 30th, Sime Armoyan bought 4,600 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$11,500.00.
On Friday, December 27th, Sime Armoyan bought 400 shares of Western Energy Services stock. The stock was purchased 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 bought 400 shares of Western Energy Services stock. The stock was 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 bought 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

TSE:WRG traded down C$0.02 during mid-day trading on Friday, hitting C$2.50. 25,857 shares of the company’s stock traded hands, compared to its average volume of 3,143. The firm has a 50 day moving average of C$2.64 and a two-hundred day moving average of C$2.76. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49. The firm has a market capitalization of C$84.60 million, a price-to-earnings ratio of -11.90, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. Western Energy Services Corp. has a 12 month low of C$2.43 and a 12 month high of C$3.31.

Wall Street Analyst Weigh In

WRG has been the subject of several recent analyst reports. Atb Cap Markets upgraded Western Energy Services to a “hold” rating in a research note on Wednesday, January 15th. ATB Capital set a C$3.25 target price on Western Energy Services and gave the company a “sector perform” rating in a research note on Wednesday, January 15th.

Read Our Latest Stock Analysis on Western Energy Services

About Western Energy Services

(Get Free Report)

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.