Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Western Energy Services's shares outstanding for the quarter that ended in Mar. 2026 was 33.9 Mil.
Western Energy Services's quarterly shares outstanding
increased
from Dec. 2025 (33.8 Mil) to Mar. 2026 (33.9 Mil).
It means Western Energy Servicesissued new shares from Dec. 2025 to Mar. 2026 .
Western Energy Services's annual shares outstanding
stayed the same
from Dec. 2024 (33.8 Mil) to Dec. 2025 (33.8 Mil).
Western Energy Services (OTCPK:WEEEF) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Western Energy Services Shares Outstanding (EOP) Related Terms
Western Energy Services Shares Outstanding (EOP) Historical Data
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The historical data trend for Western Energy Services's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Western Energy Services Shares Outstanding (EOP) Chart
WEEEF vs NE, RIG, VAL: Shares Outstanding (EOP) Comparison
For the Oil & Gas Drilling subindustry, Western Energy Services's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Western Energy Services Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Energy Services's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Western Energy Services's Shares Outstanding (EOP) falls into.
Western Energy Services Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 33.9 Mil mean?
Western Energy Services (WEEEF) has a Shares Outstanding (EOP) of 33.9 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Western Energy Services and its competitors.
Is Western Energy Services' Shares Outstanding (EOP) too high?
Western Energy Services' current Shares Outstanding (EOP) is 33.9 Mil. Overall, Western Energy Services has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' Shares Outstanding (EOP) compare to NE and RIG?
Western Energy Services' Shares Outstanding (EOP) of 33.9 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Western Energy Services and its competitors. Western Energy Services's current Shares Outstanding (EOP) is 33.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (WEEEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.75, compared to a current price of $2.30 — trading 31.4% above its estimated fair value. The current Shares Outstanding (EOP) is 33.9 Mil. Western Energy Services' overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Western Energy Services (WEEEF), the current Shares Outstanding (EOP) is 33.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Western Energy Services (WEEEF) Overvalued in 2026?
Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued.
The current stock price of $2.30 is trading 31.4% above its estimated GF Value™ of $1.75.
GuruFocus considers Western Energy Services to be Significantly Overvalued.
Key valuation signals for WEEEF:
Shares Outstanding (EOP): 33.9 Mil
GF Value™: $1.75 vs. price of $2.30 (31.4% above fair value)
No single metric tells the full story. See the WEEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
52GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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