High Arctic Energy Services (TSE:HWO) Reaches New 1-Year Low – Should You Sell?

High Arctic Energy Services Inc (TSE:HWO) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.80 and last traded at C$0.80, with a volume of 48633 shares changing hands. The stock had previously closed at C$0.84.

High Arctic Energy Services Trading Down 4.8%

The stock has a market cap of C$10.16 million, a PE ratio of -26.67 and a beta of 0.03. The company’s 50-day moving average price is C$0.86 and its 200 day moving average price is C$0.85. The company has a debt-to-equity ratio of 20.71, a quick ratio of 4.54 and a current ratio of 2.43.

High Arctic Energy Services (TSE:HWO) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.07 earnings per share for the quarter. High Arctic Energy Services had a return on equity of 43.70% and a net margin of 77.07%.The company had revenue of C$2.93 million during the quarter. On average, sell-side analysts forecast that High Arctic Energy Services Inc will post -0.01 EPS for the current fiscal year.

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.