High Arctic Energy Services, Inc. (HWO) Shares Down 5.4%

Shares of High Arctic Energy Services, Inc. (TSE:HWO) traded down 5.4% during mid-day trading on Friday . The stock traded as low as C$4.37 and last traded at C$4.20. 208,300 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 95,835 shares. The stock had previously closed at C$4.44.

Several analysts have issued reports on the company. National Bank Financial dropped their price objective on High Arctic Energy Services from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Thursday, August 10th. Paradigm Capital dropped their price objective on High Arctic Energy Services from C$8.00 to C$6.00 in a research note on Friday, July 21st.

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.016 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.19 annualized dividend and a yield of 4.56%. High Arctic Energy Services’s dividend payout ratio is 25.38%.

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About High Arctic Energy Services

High Arctic Energy Services Inc is a Canada-based company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the oil and gas industry. The Company operates through providing oilfield services to customers in Canada and Papua New Guinea (PNG) segment.

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