Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Buys 14,300 Shares of Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan purchased 14,300 shares of the stock in a transaction on Friday, April 4th. The stock was bought at an average price of C$2.20 per share, for a total transaction of C$31,460.00.

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

• On Monday, March 10th, Sime Armoyan acquired 14,800 shares of Western Energy Services stock. The shares were bought at an average cost of C$2.15 per share, with a total value of C$31,820.00.
• On Thursday, March 6th, Sime Armoyan bought 75,700 shares of Western Energy Services stock. The stock was purchased at an average cost of C$2.10 per share, for a total transaction of C$158,970.00.
• On Tuesday, March 4th, Sime Armoyan purchased 5,000 shares of Western Energy Services stock. The stock was purchased at an average price of C$2.30 per share, for a total transaction of C$11,500.00.
• On Friday, February 28th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The shares were purchased at an average cost of C$2.35 per share, with a total value of C$470.00.
• On Wednesday, February 26th, Sime Armoyan purchased 800 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.35 per share, for a total transaction of C$1,880.00.
• On Monday, February 24th, Sime Armoyan acquired 13,100 shares of Western Energy Services stock. The stock was acquired at an average price of C$2.35 per share, with a total value of C$30,785.00.
• On Tuesday, February 18th, Sime Armoyan bought 25,000 shares of Western Energy Services stock. The shares were acquired at an average price of C$2.40 per share, for a total transaction of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan purchased 25,800 shares of Western Energy Services stock. The stock was acquired at an average cost of C$2.50 per share, with a total value of C$64,500.00.
• On Friday, February 7th, Sime Armoyan acquired 200 shares of Western Energy Services stock. The stock was bought at an average price of C$2.50 per share, with a total value of C$500.00.
• On Wednesday, February 5th, Sime Armoyan bought 700 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$1,750.00.

Western Energy Services Stock Down 3.2 %

Shares of TSE:WRG opened at C$2.10 on Tuesday. The company has a 50 day moving average of C$2.34 and a 200-day moving average of C$2.57. Western Energy Services Corp. has a one year low of C$1.85 and a one year high of C$3.31. The stock has a market cap of C$71.06 million, a price-to-earnings ratio of -10.00, a P/E/G ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.82 and a quick ratio of 1.46.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WRG shares. Atb Cap Markets upgraded shares of Western Energy Services to a “hold” rating in a research report on Wednesday, January 15th. ATB Capital set a C$3.25 price target on Western Energy Services and gave the company a “sector perform” rating in a research note on Wednesday, January 15th.

About Western Energy Services

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies.