High Arctic Energy Services (TSE:HWO) was upgraded by analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday.

Separately, National Bank Financial raised High Arctic Energy Services from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, September 26th.

Shares of HWO stock opened at C$3.68 on Tuesday. High Arctic Energy Services has a one year low of C$3.68 and a one year high of C$4.66.

High Arctic Energy Services (TSE:HWO) last posted its earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.02. High Arctic Energy Services had a return on equity of 4.87% and a net margin of 6.54%. The business had revenue of C$47.10 million during the quarter, compared to analysts’ expectations of C$44.87 million.

High Arctic Energy Services Company Profile

High Arctic Energy Services Inc provides oilfield services in Canada and Papua New Guinea. The company operates through Drilling Services, Production Services, and Ancillary Services segments. It offers snubbing services, including foothills stand alone, stand alone, and rig assist units; nitrogen transport and pumping services; and service rigs.

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