High Arctic Energy Services, Inc. (TSE:HWO) PT Lowered to C$6.00 at National Bank Financial
High Arctic Energy Services, Inc. (TSE:HWO) had its target price reduced by research analysts at National Bank Financial from C$7.00 to C$6.00 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 63.93% from the stock’s previous close.
Separately, Paradigm Capital restated a “buy” rating and issued a C$8.00 price objective on shares of High Arctic Energy Services in a research report on Wednesday, April 26th.
High Arctic Energy Services (TSE HWO) traded up 2.19% during midday trading on Thursday, hitting $3.74. 79,971 shares of the stock were exchanged. The company has a market capitalization of $198.99 million and a P/E ratio of 4.67. High Arctic Energy Services has a 1-year low of $3.29 and a 1-year high of $6.27. The company’s 50 day moving average is $4.09 and its 200 day moving average is $5.01.
In related news, insider Donald Laine Pack sold 7,000 shares of the company’s stock in a transaction that occurred 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. Also, Director Joseph Oliver acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of C$5.13 per share, for a total transaction of C$102,600.00.
About High Arctic Energy Services
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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