High Arctic Energy Services (TSE:HWO) Sets New 12-Month High – Still a Buy?

High Arctic Energy Services Inc (TSE:HWO) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$1.03 and last traded at C$0.93, with a volume of 15376 shares trading hands. The stock had previously closed at C$0.91.

High Arctic Energy Services Trading Up 2.2%

The stock has a fifty day simple moving average of C$0.89 and a 200 day simple moving average of C$0.87. The company has a debt-to-equity ratio of 18.34, a quick ratio of 4.54 and a current ratio of 2.50. The firm has a market cap of C$11.81 million, a P/E ratio of 8.45 and a beta of 0.08.

High Arctic Energy Services (TSE:HWO) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. High Arctic Energy Services had a return on equity of 6.04% and a net margin of 12.06%.The firm had revenue of C$2.73 million for the quarter. On average, research analysts expect that High Arctic Energy Services Inc will post -0.01 earnings per share for the current fiscal 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¿.