High Arctic Energy Services, Inc. (HWO) Stock Price Down 3.7%

High Arctic Energy Services, Inc. (TSE:HWO) shares were down 3.7% during mid-day trading on Tuesday . The company traded as low as C$4.10 and last traded at C$4.20. Approximately 115,545 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 73,965 shares. The stock had previously closed at C$4.36.

Several research analysts have recently weighed in on HWO shares. Paradigm Capital reduced their price objective on High Arctic Energy Services from C$8.00 to C$6.00 in a research report on Friday, July 21st. National Bank Financial reduced their price objective on High Arctic Energy Services from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, August 10th.

The stock has a market capitalization of $225.19 million and a P/E ratio of 5.49. The firm has a 50-day moving average of $4.05 and a 200-day moving average of $4.43.

The company also recently announced a monthly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.016 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, September 28th.

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About High Arctic Energy Services

High Arctic Energy Services Inc is a Canada-based company, which focuses on providing cont

Several research analysts have recently weighed in on HWO shares. Paradigm Capital reduced their price objective on High Arctic Energy Services from C$8.00 to C$6.00 in a research report on Friday, July 21st. National Bank Financial reduced their price objective on High Arctic Energy Services from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, August 10th.

The stock has a market capitalization of $225.19 million and a P/E ratio of 5.49. The firm has a 50-day moving average of $4.05 and a 200-day moving average of $4.43.

The company also recently announced a monthly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.016 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, September 28th.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/high-arctic-energy-services-inc-hwo-stock-price-down-3-7.html.

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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