High Arctic Energy Services (TSE:HWO) Sets New 1-Year High – Time to Buy?

High Arctic Energy Services Inc (TSE:HWO) hit a new 52-week high during mid-day trading on Friday. The company traded as high as C$1.50 and last traded at C$1.34, with a volume of 25,534 shares. The stock had previously closed at C$1.18.

High Arctic Energy Services Stock Up 13.6%

The stock has a market capitalization of C$17.01 million, a price-to-earnings ratio of 10.31 and a beta of -0.17. The business has a fifty day moving average of C$1.14 and a 200 day moving average of C$0.94. The company has a debt-to-equity ratio of 17.81, a current ratio of 2.43 and a quick ratio of 4.54.

High Arctic Energy Services (TSE:HWO) last posted its earnings results on Friday, November 13th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.68 million during the quarter. High Arctic Energy Services had a return on equity of 7.22% and a net margin of 14.05%. As a group, equities analysts predict that High Arctic Energy Services Inc will post -0.01 earnings per share for the current year.

About High Arctic Energy Services

High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ¿on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta¿.