High Arctic Energy Services (TSE:HWO) Shares Up 14.5%

High Arctic Energy Services Inc (TSE:HWO – Get Rating) shares shot up 14.5% on Friday . The stock traded as high as C$1.27 and last traded at C$1.26. 108,844 shares were traded during mid-day trading, an increase of 272% from the average session volume of 29,239 shares. The stock had previously closed at C$1.10.

High Arctic Energy Services Trading Up 14.5 %

The firm has a market cap of C$61.35 million, a PE ratio of -1.59 and a beta of 2.25. The company has a quick ratio of 4.54, a current ratio of 7.06 and a debt-to-equity ratio of 4.94. The company’s 50 day moving average price is C$1.25 and its two-hundred day moving average price is C$1.42.

High Arctic Energy Services (TSE:HWO – Get Rating) last announced its earnings results on Tuesday, March 28th. The company reported C($0.19) earnings per share for the quarter. High Arctic Energy Services had a negative net margin of 45.72% and a negative return on equity of 27.71%. The firm had revenue of C$13.10 million during the quarter. As a group, sell-side analysts forecast that High Arctic Energy Services Inc will post -0.01 EPS for the current year.

High Arctic Energy Services Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 12th. Investors of record on Friday, April 28th were paid a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 4.76%. The ex-dividend date was Thursday, April 27th. High Arctic Energy Services’s dividend payout ratio is presently -7.59%.

About High Arctic Energy Services

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High Arctic Energy Services Inc, an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; hydraulic workover units, such as 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.