High Arctic Energy Services, Inc. (TSE:HWO) had its price objective reduced by National Bank Financial from C$7.00 to C$6.00 in a research report sent to investors on Thursday. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for High Arctic Energy Services’ FY2018 earnings at $0.32 EPS.
Separately, Paradigm Capital restated a buy rating and set a C$8.00 price target on shares of High Arctic Energy Services in a research note on Wednesday, April 26th.
Shares of High Arctic Energy Services (HWO) opened at 3.76 on Thursday. High Arctic Energy Services has a 12 month low of $3.29 and a 12 month high of $6.27. The firm’s 50-day moving average price is $4.07 and its 200-day moving average price is $4.99. The company has a market capitalization of $208.89 million and a price-to-earnings ratio of 4.89.
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The company also recently declared a monthly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.016 per share. This represents a $0.19 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Thursday, July 27th.
In related news, Director Joseph Oliver acquired 20,000 shares of High Arctic Energy Services stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average cost of C$5.13 per share, for a total transaction of C$102,600.00. Also, insider Donald Laine Pack sold 7,000 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of C$5.22, for a total value of C$36,540.00.
High Arctic Energy Services Company Profile
High Arctic Energy Services Inc operates as an oilfield services company in Western Canada and Papua New Guinea. It offers snubbing services, including foothills stand alone, stand alone, and rig assist units; nitrogen transport and pumping services; and service rigs that are used for completions, maintenance, workovers, and abandonment services on producing oil and gas wells.
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