Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:63,300Price:$2.75
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Mar 19, 2024 (filed on Mar 19, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:3,400Price:$2.75
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Mar 19, 2024 (filed on Mar 19, 2024)Insider Name:Cohen, TomerOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:100Price:$2.75
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Mar 19, 2024 (filed on Mar 19, 2024)Insider Name:Cohen, TomerOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:1,000Price:$2.80
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Mar 18, 2024 (filed on Mar 19, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:21,200Price:$2.75
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:1,500Price:$2.74
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Mar 14, 2024 (filed on Mar 15, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:62,400Price:$2.75
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Mar 01, 2024 (filed on Mar 03, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:698,700Price:$2.60
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Dec 31, 2023 (filed on Feb 06, 2024)Insider Name:MacAusland, Alexander Roland NeilOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:16,832Price:--
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Dec 31, 2023 (filed on Feb 06, 2024)Insider Name:Williams, April NadineOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:1,162Price:--
Filings by filing date
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:63,300Price:$2.75
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Mar 19, 2024 (filed on Mar 19, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:3,400Price:$2.75
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Mar 19, 2024 (filed on Mar 19, 2024)Insider Name:Cohen, TomerOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:100Price:$2.75
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Mar 19, 2024 (filed on Mar 19, 2024)Insider Name:Cohen, TomerOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:1,000Price:$2.80
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Mar 18, 2024 (filed on Mar 19, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:21,200Price:$2.75
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Mar 15, 2024 (filed on Mar 18, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:1,500Price:$2.74
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Mar 14, 2024 (filed on Mar 15, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:62,400Price:$2.75
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Mar 01, 2024 (filed on Mar 03, 2024)Insider Name:Armoyan, SimeOwnership Type:Control or DirectionSecurities:Common SharesNature of Transaction:10 - Acquisition or disposition in the public market# or value acquired/disposed of:698,700Price:$2.60
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Dec 31, 2023 (filed on Feb 06, 2024)Insider Name:MacAusland, Alexander Roland NeilOwnership Type:Direct OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:16,832Price:--
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Dec 31, 2023 (filed on Feb 06, 2024)Insider Name:Williams, April NadineOwnership Type:Indirect OwnershipSecurities:Common SharesNature of Transaction:30 - Acquisition or disposition under a purchase/ownership plan# or value acquired/disposed of:1,162Price:--
News
Biz Brief
Sector: Energy | Industry: Oil & Gas Drilling |
Company Contact | |
Address: | Suite 1700, 215 - 9th Avenue SW CALGARY AB T2P 1K3 |
Tel: | N/A |
Website: | https://www.wesc.ca |
IR: | See website |
Key People | ||
Alex R N Macausland President, Chief Executive Officer, Founder, Director | Jeffrey K. Bowers Chief Financial Officer, Senior Vice President - Finance, Corporate Secretary | R Ross Clancy Vice President - Production Services. |
Business Overview |
Western Energy Services Corp. (Western) is a Canada-based energy service company. The Company is focused on providing contract drilling services through its division, Horizon Drilling (Horizon) in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation (Stoneham) in the United States. Western provides well servicing and oilfield rental equipment services in Canada through its wholly owned subsidiary Western Production Services Corp. (Western Production Services). Western Production Services' division, Eagle Well Servicing (Eagle) provides well servicing, and Aero Rental Services (Aero) provides oilfield rental equipment services. In Contract Drilling Services, the Company operates a fleet of approximately 42 drilling rigs specifically suited for drilling complex horizontal wells. In production services, the Company provides well servicing and oilfield equipment rentals primarily in Canada operates approximately 65 well servicing rigs. |
Financial Overview |
For the fiscal year ended 31 December 2023, Western Energy Services Corp revenues increased 17% to C$233.5M. Net loss totaled C$7.2M vs. income of C$29M. Revenues reflect Contract Drilling segment increase of 27% to C$164.6M, Canada segment increase of 13% to C$188M, United States (Country) segment increase of 36% to C$45.5M. Net loss reflects Corporate segment loss increase of 15% to C$5.8M. |
Employees: | 675 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $201.01M as of Dec 31, 2023 |
Annual revenue (TTM): | $233.45M as of Dec 31, 2023 |
EBITDA (TTM): | $44.98M as of Dec 31, 2023 |
Net annual income (TTM): | -$7.21M as of Dec 31, 2023 |
Free cash flow (TTM): | $28.73M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $109.29M as of Dec 31, 2023 |
Shares outstanding: | 33,843,015 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |