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Western Energy Services Corporation Company Snapshot
Western Energy Services Corporation operates within the Drilling oil and gas wells sector. In addition to historical fundamental analyses, the complete report available to purchase compares Western Energy Services with three other companies in this sector in CANADA : AKITA Drilling Ltd. (2020 sales of 119.66 million Canadian Dollars [US$94.60 million] of which 52% was Contract Drilling Services), Cathedral Energy Services Limited (40.57 million Canadian Dollars [US$32.07 million] ), and High Arctic Energy Services Incorporation (90.80 million Canadian Dollars [US$71.78 million] of which 64% was Production Services).

Sales Analysis. Sales were up sharply during the second quarter of 2021 versus the previous year's second quarter. During the second quarter of 2021, sales at Western Energy Services totalled C$20.39 million. This is an increase of 88.7% from the C$10.80 million in sales at the company during the second quarter of 2020. This was the largest same quarter increase in sales since the second quarter of 2017. During the first two quarters of 2021, sales totalled C$57.36 million, which is 8.3% lower than through the first two quarters of 2020. During the year ended December of 2020, sales at Western Energy Services were C$103.68 million (US$81.96 million). This is a sharp decrease of 47.2% versus 2019, when the company's sales were C$196.41 million. Contributing to the drop in overall sales was the 56.0% decline in Contract Drilling, from C$140.77 million to C$61.99 million. There were also decreases in sales in Production Services (down 24.7% to C$42.07 million) .
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Western Energy Services Corporation
  Stock Performance Chart for Western Energy Services Corporation
  Stock Data: Recent Stock Performance:
  Current Price (9/24/2021): .34
(Figures in Canadian Dollars)
1 Week 13.3%   13 Weeks 13.3%  
4 Weeks -27.7%   52 Weeks 33.3%  
Western Energy Services Corporation Key Data:
  Ticker: WRG Country: Canada
  Exchanges: OTC VEN BLN Major Industry: Energy
    Sub Industry: Drilling Oil & Gas Wells
  2020 Sales 103,684,000
(Year Ending Jan 2021).
Employees: 460
  Currency: Canadian Dollars Market Cap: 31,008,547
  Fiscal Yr Ends: December Shares Outstanding: 91,201,609
  Share Type: Common Closely Held Shares: 44,620,962
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