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

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

High Arctic Energy Services Price Performance

TSE HWO remained flat at C$0.90 during trading hours on Friday. 10,000 shares of the company were exchanged, compared to its average volume of 7,733. The company’s 50 day simple moving average is C$0.87 and its two-hundred day simple moving average is C$0.86. The company has a debt-to-equity ratio of 19.47, a quick ratio of 4.54 and a current ratio of 1.91. High Arctic Energy Services has a 1-year low of C$0.75 and a 1-year high of C$0.96. The firm has a market capitalization of C$11.43 million, a PE ratio of 30.00 and a beta of -0.27.

About High Arctic Energy Services

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.