High Arctic Energy Services Inc (HWO) to Post Q1 2018 Earnings of $0.08 Per Share, Cormark Forecasts

High Arctic Energy Services Inc (TSE:HWO) – Equities researchers at Cormark reduced their Q1 2018 earnings estimates for shares of High Arctic Energy Services in a research note issued on Tuesday, March 13th, Zacks Investment Research reports. Cormark analyst J. Zhang now expects that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.09. Cormark also issued estimates for High Arctic Energy Services’ Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.09 EPS and FY2018 earnings at $0.28 EPS.

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Separately, National Bank Financial dropped their target price on High Arctic Energy Services from C$5.25 to C$4.50 and set a “sector perform” rating on the stock in a research report on Monday, March 12th.

HWO stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$3.75. The stock had a trading volume of 98,434 shares, compared to its average volume of 66,316. High Arctic Energy Services has a 1-year low of C$3.61 and a 1-year high of C$5.40.

High Arctic Energy Services (TSE:HWO) last issued its earnings results on Friday, March 9th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). High Arctic Energy Services had a return on equity of 4.87% and a net margin of 6.54%. The firm had revenue of C$51.50 million during the quarter, compared to analyst estimates of C$46.00 million.

The business also recently declared a monthly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.016 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.19 annualized dividend and a dividend yield of 5.12%.

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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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