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Western Energy Services (TSX:WRG) 6-Month Price Index : 0.87 (As of Jun. 05, 2024)


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What is Western Energy Services 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-05), Western Energy Services's 6-Month Price Index is 0.87.

Competitive Comparison of Western Energy Services's 6-Month Price Index

For the Oil & Gas Drilling subindustry, Western Energy Services's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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  (TSX:WRG) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* 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  (TSX:WRG) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Western Energy Services 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Western Energy Services's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Energy Services (TSX:WRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Energy Services Corp (TSX:WRG) » Definitions » 6-Month Price Index
Comparable Companies
TSX:AKT.A TSXV:SDI TSX:CET TSX:PHX TSX:ESI ADX:ADNOCDRILL NE SAU:2382 RIG PTEN SHSE:600871 HP SDRL SAU:2381 OSL:BORR DO OSL:ODL TSX:PD SOC NBR
Traded in Other Exchanges
WEEEF:USA
Address
215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Website
https://www.wesc.ca
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. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.
Executives
Sime Armoyan 10% Security Holder
Tomer Cohen Director

Western Energy Services (TSX:WRG) Headlines

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