High Arctic Energy Services (TSE:HWO) Sets New 12-Month High – Still a Buy?

Shares of High Arctic Energy Services Inc (TSE:HWOGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$1.03 and last traded at C$0.93, with a volume of 15376 shares. The stock had previously closed at C$0.91.

High Arctic Energy Services Trading Up 2.2%

The company has a market cap of C$11.81 million, a PE ratio of 8.45 and a beta of 0.08. The stock’s 50 day moving average is C$0.89 and its 200-day moving average is C$0.87. The company has a quick ratio of 4.54, a current ratio of 2.50 and a debt-to-equity ratio of 18.34.

High Arctic Energy Services (TSE:HWOGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$0.07 earnings per share for the quarter. The firm had revenue of C$2.73 million for the quarter. High Arctic Energy Services had a net margin of 12.06% and a return on equity of 6.04%. As a group, sell-side analysts anticipate that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

About High Arctic Energy Services

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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¿.

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