High Arctic Energy Services (HWO) Upgraded by AltaCorp Capital to Outperform

AltaCorp Capital upgraded shares of High Arctic Energy Services (TSE:HWO) from a sector perform rating to an outperform rating in a report released on Tuesday morning.

Separately, National Bank Financial upgraded shares of High Arctic Energy Services from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, September 26th.

Shares of HWO opened at C$3.70 on Tuesday. High Arctic Energy Services has a fifty-two week low of C$3.68 and a fifty-two week high of C$4.66.

High Arctic Energy Services (TSE:HWO) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.03 by C$0.02. The firm had revenue of C$47.10 million during the quarter, compared to analyst estimates of C$44.87 million. High Arctic Energy Services had a net margin of 6.54% and a return on equity of 4.87%.

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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