Insider Buying: Western Energy Services Corp. (TSE:WRG) Insider Buys 75,700 Shares of Stock

Western Energy Services Corp. (TSE:WRG) insider Sime Armoyan acquired 75,700 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of C$2.10 per share, for a total transaction of C$158,970.00.

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

• On Tuesday, March 4th, Sime Armoyan acquired 5,000 shares of Western Energy Services stock. The stock was bought at an average cost 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 stock was bought at an average cost of C$2.35 per share, for a total transaction of C$470.00.
• On Wednesday, February 26th, Sime Armoyan acquired 800 shares of Western Energy Services stock. The stock was bought at an average cost 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 bought at an average cost of C$2.35 per share, for a total transaction of C$30,785.00.
• On Tuesday, February 18th, Sime Armoyan acquired 25,000 shares of Western Energy Services stock. The stock was bought at an average cost of C$2.40 per share, for a total transaction of C$60,000.00.
• On Thursday, February 13th, Sime Armoyan acquired 25,800 shares of Western Energy Services stock. The stock was bought 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 bought 200 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$500.00.
• On Wednesday, February 5th, Sime Armoyan acquired 700 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.50 per share, with a total value of C$1,750.00.
• On Monday, January 27th, Sime Armoyan acquired 6,300 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.50 per share, with a total value of C$15,750.00.
• On Monday, December 30th, Sime Armoyan acquired 4,600 shares of Western Energy Services stock. The shares were purchased at an average price of C$2.50 per share, with a total value of C$11,500.00.

Western Energy Services Trading Up 4.8 %

TSE WRG opened at C$2.17 on Friday. The firm has a market capitalization of C$73.43 million, a P/E ratio of -10.33, a PEG ratio of 0.09 and a beta of 1.49. The business has a fifty day simple moving average of C$2.56 and a 200 day simple moving average of C$2.69. Western Energy Services Corp. has a 12 month low of C$1.85 and a 12 month high of C$3.31. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 37.49.

Analyst Upgrades and Downgrades

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