High Arctic Energy Services Inc (HWO.TO) (TSE:HWO) PT Raised to C$1.75 at ATB Capital

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High Arctic Energy Services Inc (HWO.TO) (TSE:HWO) had its price target lifted by equities research analysts at ATB Capital from C$1.35 to C$1.75 in a research report issued on Tuesday, AR Network reports. ATB Capital’s target price suggests a potential upside of 37.80% from the company’s current price.

TSE:HWO opened at C$1.27 on Tuesday. The firm has a market cap of C$61.93 million and a price-to-earnings ratio of -3.64. The company has a current ratio of 2.83, a quick ratio of 2.31 and a debt-to-equity ratio of 10.16. The company’s 50-day moving average is C$1.20 and its two-hundred day moving average is C$0.81. High Arctic Energy Services Inc has a 12-month low of C$0.00 and a 12-month high of C$2.15.

High Arctic Energy Services Inc (HWO.TO) (TSE:HWO) last released its earnings results on Thursday, November 12th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.08) by C($0.04). The business had revenue of C$18.50 million for the quarter, compared to the consensus estimate of C$18.00 million. On average, equities research analysts forecast that High Arctic Energy Services Inc will post -0.3929771 earnings per share for the current fiscal year.

About High Arctic Energy Services Inc (HWO.TO)

High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada, Papua New Guinea, and the United States. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, which include foothills standalone snubbing system for completions and workovers; Hydraulic Workover (HWO) Units, including a patented L-Frame equipment configuration; Rig Assist Snubbing Unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and Power Tower to install a snubbing unit and blowout preventers in one lift.

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