High Arctic Energy Services (TSE:HWO) Announces Quarterly Earnings Results

High Arctic Energy Services (TSE:HWO) posted its quarterly earnings results on Thursday. The company reported C$0.07 earnings per share (EPS) for the quarter, FiscalAI reports. High Arctic Energy Services had a net margin of 3.35% and a return on equity of 1.65%. The company had revenue of C$2.74 million during the quarter.

High Arctic Energy Services Stock Down 5.6%

TSE:HWO opened at C$0.85 on Friday. The firm has a market capitalization of C$10.79 million, a P/E ratio of 28.33 and a beta of -0.27. The company’s fifty day moving average price is C$0.87 and its 200-day moving average price is C$0.86. High Arctic Energy Services has a 1-year low of C$0.75 and a 1-year high of C$0.96. The company has a debt-to-equity ratio of 19.47, a current ratio of 1.91 and a quick ratio of 4.54.

About High Arctic Energy Services

High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are Drilling Services segment which consists of the drilling services; Production Services segment which consists of the well servicing and snubbing services; Ancillary Services segment which provides rental equipment and engineering consulting to various companies within the oil and gas sector and Corporate segment.