High Arctic Energy Services (TSE:HWO) Sets New 1-Year High – Time to Buy?

High Arctic Energy Services Inc (TSE:HWO) shares hit a new 52-week high during mid-day trading on Friday. The stock traded as high as C$1.50 and last traded at C$1.34, with a volume of 25,534 shares. The stock had previously closed at C$1.18.

High Arctic Energy Services Stock Performance

The company has a market cap of C$17.01 million, a price-to-earnings ratio of 10.31 and a beta of -0.17. The firm’s 50 day simple moving average is C$1.14 and its 200-day simple moving average is C$0.94. The company has a debt-to-equity ratio of 17.81, a quick ratio of 4.54 and a current ratio of 2.43.

High Arctic Energy Services (TSE:HWO) last posted its quarterly earnings results on Friday, November 13th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$4.68 million for the quarter. High Arctic Energy Services had a net margin of 14.05% and a return on equity of 7.22%. On average, sell-side analysts predict that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

About High Arctic Energy Services

High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ¿on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta¿.