High Arctic Energy Services, Inc. (TSE:HWO) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$3.75 and last traded at C$3.74, with a volume of 30361 shares. The stock had previously closed at C$3.80.

Separately, National Bank Financial raised shares of High Arctic Energy Services from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, September 26th.

High Arctic Energy Services (TSE:HWO) last issued its earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.02. The business had revenue of C$47.10 million during the quarter, compared to analysts’ expectations of C$44.87 million. High Arctic Energy Services had a net margin of 6.54% and a return on equity of 4.87%.

The company also recently announced a monthly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, September 14th were issued a $0.0165 dividend. The ex-dividend date was Thursday, August 30th. This represents a $0.20 annualized dividend and a yield of 5.35%.

About High Arctic Energy Services (TSE:HWO)

High Arctic Energy Services Inc provides oilfield services in Canada and Papua New Guinea. The company operates through Drilling Services, Production Services, and Ancillary Services segments. It offers snubbing services, including foothills stand alone, stand alone, and rig assist units; nitrogen transport and pumping services; and service rigs.

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