High Arctic Energy Services, Inc. (TSE:HWO) – Equities researchers at Cormark dropped their Q1 2018 EPS estimates for High Arctic Energy Services in a note issued to investors on Tuesday. Cormark analyst J. Zhang now expects that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.09. Cormark also issued estimates for High Arctic Energy Services’ Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.09 EPS and FY2018 earnings at $0.28 EPS.
Separately, National Bank Financial reduced their price objective on shares of High Arctic Energy Services from C$5.25 to C$4.50 and set a “sector perform” rating on the stock in a report on Monday.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be issued a $0.016 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 5.03%. High Arctic Energy Services’s payout ratio is 44.00%.
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High Arctic Energy Services Company Profile
High Arctic Energy Services Inc is a Canada-based company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the oil and gas industry. The Company operates through providing oilfield services to customers in Canada and Papua New Guinea (PNG) segment.
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