High Arctic Energy Services (TSE:HWO) Price Target Cut to C$3.25 by Analysts at National Bank Financial

High Arctic Energy Services (TSE:HWO) had its price target reduced by National Bank Financial from C$3.75 to C$3.25 in a research note released on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

High Arctic Energy Services stock opened at C$2.35 on Thursday. High Arctic Energy Services has a 52 week low of C$2.30 and a 52 week high of C$4.34. The business has a 50-day simple moving average of C$3.18 and a 200 day simple moving average of C$3.59. 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 has a market cap of $116.94 million and a price-to-earnings ratio of 587.50.

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 14th were given a dividend of $0.0165 per share. This represents a $0.20 annualized dividend and a yield of 8.43%. The ex-dividend date was Tuesday, July 30th. High Arctic Energy Services’s payout ratio is 4,950.00%.

About High Arctic Energy Services

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.

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