Steven R. Vasey Sells 5,000 Shares of High Arctic Energy Services, Inc. (HWO) Stock

High Arctic Energy Services, Inc. (TSE:HWO) Director Steven R. Vasey sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of C$3.93, for a total value of C$19,650.00.

Shares of High Arctic Energy Services stock traded up C$0.05 during trading on Friday, reaching C$3.89. The company’s stock had a trading volume of 34,000 shares, compared to its average volume of 62,325. High Arctic Energy Services, Inc. has a one year low of C$3.61 and a one year high of C$4.66.

High Arctic Energy Services (TSE:HWO) last posted its quarterly earnings data on Thursday, May 10th. The company reported C$0.08 EPS for the quarter, hitting analysts’ consensus estimates of C$0.08. The business had revenue of C$53.70 million for the quarter, compared to analyst estimates of C$52.80 million. High Arctic Energy Services had a return on equity of 4.87% and a net margin of 6.54%.

Several research firms have weighed in on HWO. National Bank Financial cut 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. AltaCorp Capital restated a “sector perform” rating on shares of High Arctic Energy Services in a report on Monday, May 14th.

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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