Western Energy Services (TSE:WRG) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Posted by Defense World Staff on Apr 3rd, 2025

Shares of Western Energy Services Corp. (TSE:WRG – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.58 and traded as low as C$2.20. Western Energy Services shares last traded at C$2.24, with a volume of 1,900 shares.

Analyst Ratings Changes

Several research firms recently commented on WRG. Atb Cap Markets upgraded 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 report on Wednesday, January 15th.

View Our Latest Analysis on WRG

Western Energy Services Trading Up 1.8 %

The firm has a 50 day moving average price of C$2.36 and a two-hundred day moving average price of C$2.58. The firm has a market capitalization of C$75.80 million, a P/E ratio of -10.67, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 37.49, a quick ratio of 1.46 and a current ratio of 1.82.

Insider Transactions at Western Energy Services

In related news, insider Sime Armoyan bought 14,800 shares of Western Energy Services stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$2.15 per share, for a total transaction of C$31,820.00. Over the last ninety days, insiders have purchased 167,600 shares of company stock valued at $377,925. 32.65% of the stock is owned by insiders.

Western Energy Services Company Profile

(Get Free Report)

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.