High Arctic Energy Services (TSE:HWO) Announces Earnings Results

High Arctic Energy Services (TSE:HWO) issued its quarterly earnings results on Thursday. The company reported C$0.07 EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.74 million during the quarter. High Arctic Energy Services had a return on equity of 1.65% and a net margin of 3.35%.

High Arctic Energy Services Stock Up 1.1%

TSE HWO traded up C$0.01 on Thursday, hitting C$0.90. 10,000 shares of the stock traded hands, compared to its average volume of 7,733. The stock has a 50-day moving average of C$0.87 and a 200 day moving average of C$0.86. High Arctic Energy Services has a twelve month low of C$0.75 and a twelve month high of C$0.96. The company has a market capitalization of C$11.43 million, a P/E ratio of 30.00 and a beta of -0.27. The company has a current ratio of 1.91, a quick ratio of 4.54 and a debt-to-equity ratio of 19.47.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.