FY2019 Earnings Forecast for High Arctic Energy Services Inc Issued By Cormark (TSE:HWO)

High Arctic Energy Services Inc (TSE:HWO) – Equities researchers at Cormark issued their FY2019 earnings per share (EPS) estimates for High Arctic Energy Services in a research report issued to clients and investors on Tuesday, March 13th, Zacks Investment Research reports. Cormark analyst J. Zhang forecasts that the company will post earnings per share of $0.35 for the year.

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Separately, National Bank Financial reduced 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 report on Monday, March 12th.

HWO traded down C$0.01 on Thursday, reaching C$3.75. The company’s 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 quarterly earnings results on Friday, March 9th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The business had revenue of C$51.50 million during the quarter, compared to analysts’ expectations of C$46.00 million. High Arctic Energy Services had a net margin of 6.54% and a return on equity of 4.87%.

The company also recently announced a monthly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.016 per share. This represents a $0.19 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Tuesday, February 27th.

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About High Arctic Energy Services

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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