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

High Arctic Energy Services Inc (TSE:HWO) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.96 and last traded at C$0.96, with a volume of 18700 shares trading hands. The stock had previously closed at C$0.85.

High Arctic Energy Services Price Performance

The firm has a 50 day moving average of C$0.85 and a two-hundred day moving average of C$0.86. The stock has a market capitalization of C$11.94 million, a PE ratio of 8.55 and a beta of 0.12. The company has a current ratio of 2.50, a quick ratio of 4.54 and a debt-to-equity ratio of 18.34.

High Arctic Energy Services (TSE:HWO) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts anticipate that High Arctic Energy Services Inc will post -0.01 earnings per share for the current year.

High Arctic Energy Services Company Profile

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¿.