Truck services

Shares of High Arctic Energy Services (TSE:HWO) drop below the 200-day moving average of $1.66

Arctic Energy Services Inc. (EAST: HWOGet 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: HWOGet 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

(Get a rating)

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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