Arctic Energy Services Inc. (EAST: HWO – Get a rating) broke below its 200-day moving average during Monday’s session. The stock has a 200-day moving average of C$1.66 and is trading as low as C$1.43. Shares of High Arctic Energy Services last traded at C$1.48, with a volume of 86,951 shares traded in hands.
High Arctic Energy Services Stocks Up 3.5%
The stock has a 50-day simple moving average of C$1.58 and a 200-day simple moving average of C$1.66. The company has a market capitalization of C$72.12 million and a PE ratio of -4.48. The company has a debt ratio of 11.26, a current ratio of 2.88 and a quick ratio of 2.25.
Energy Services in the High Arctic (EAST: HWO – Get a rating) last released its quarterly earnings data on Thursday, May 12. The company reported EPS C ($0.05) for the quarter, beating the consensus estimate of C ($0.08) by C$0.03. The company had revenue of C$28.70 million in the quarter, compared to a consensus estimate of C$25.00 million. Sell-side analysts expect High Arctic Energy Services Inc to post EPS of 0.07 for the current fiscal year.
About High Arctic Energy Services
High Arctic Energy Services Inc, an oil services company, provides oil services to exploration and production companies in Canada and Papua New Guinea. The Company operates through three segments: Drilling Services, Production Services and Ancillary Services. It offers snobbing services, including a stand-alone snobbing system for finishes and repacks; hydraulic workover units, such as a patented L-frame implement configuration; the Drill Assist Damping Unit, a truck-mounted hydraulic system to handle unbalanced wellbore conditions; and a power tower to install a snubber unit and blowout preventers in a single elevator.
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