High Arctic Energy Services (TSE:HWO) Trading Down 13.4%

High Arctic Energy Services, Inc. (TSE:HWO) traded down 13.4% during trading on Wednesday . The company traded as low as C$2.30 and last traded at C$2.32, 104,929 shares were traded during trading. An increase of 250% from the average session volume of 29,965 shares. The stock had previously closed at C$2.68.

Separately, National Bank Financial reduced their price target on shares of High Arctic Energy Services from C$4.50 to C$3.75 and set a “sector perform” rating on the stock in a research report on Friday, August 9th.

The company has a quick ratio of 2.12, a current ratio of 2.59 and a debt-to-equity ratio of 5.17. The stock’s 50-day moving average is C$3.22. The firm has a market cap of $148.73 million and a price-to-earnings ratio of 575.00.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.0165 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date is Tuesday, July 30th. High Arctic Energy Services’s dividend payout ratio (DPR) is presently 4,950.00%.

About High Arctic Energy Services (TSE:HWO)

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

Featured Story: What are momentum indicators and what do they show?

Receive News & Ratings for High Arctic Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for High Arctic Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.