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Last C$0.07 CAD
Change Today -0.005 / -7.14%
Volume 2.2K
HE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:10 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

hanwei energy services corp (HE) Snapshot

Open
C$0.07
Previous Close
C$0.07
Day High
C$0.07
Day Low
C$0.07
52 Week High
07/2/14 - C$0.31
52 Week Low
06/17/14 - C$0.06
Market Cap
12.6M
Average Volume 10 Days
12.5K
EPS TTM
C$-0.02
Shares Outstanding
194.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HANWEI ENERGY SERVICES CORP (HE)

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hanwei energy services corp (HE) Details

Hanwei Energy Services Corp., through its subsidiaries, engineers and produces fiberglass reinforced plastic (FRP) pipe products for oil and gas, marine and offshore, chemical, salt, infrastructure, and municipal applications. The company produces a range of small, medium, and large diameter FRP pipes, fittings, and fixtures, as well as custom FRP system solutions. It offers line pipes, connecting systems, and downhole pipe and casing products. The company sells its products primarily in China, Middle Asia, and the Middle East. Hanwei Energy Services Corp. was founded in 2002 and is headquartered in Vancouver, Canada.

212 Employees
Last Reported Date: 06/23/14
Founded in 2002

hanwei energy services corp (HE) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$125.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$150.0K
Executive Vice President of Strategic Develop...
Total Annual Compensation: C$122.1K
Compensation as of Fiscal Year 2014.

hanwei energy services corp (HE) Key Developments

Hanwei Energy Services Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Reports Production Results for the Third Quarter Ended December 31, 2014

Hanwei Energy Services Corp. reported earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenues of $6.4 million, representing an increase of 88% as compared to $3.4 million for the same period of the prior year. EBITDA from continuing operations was $600,000 as compared to negative $367,000 for the same period of the prior year, representing an increase of $967,000. These increases were primarily due to the Company's new oil and gas production revenues in Alberta (which was not operational in the prior year) and Canadian sales of its FRP pipe products together with positive operating margins from the company's oil and gas production revenues. Loss from continuing operations was $0.6 million as compared to loss from continuing operations of $1.3 million for the same periods of the prior year. For the nine months, the company's revenues were $13.4 million, representing an increase of 18% as compared to revenues of $11.0 million for the same period of the prior year. EBITDA from continuing operations was $370,000 as compared to negative $659,000 for the same period of the prior year, representing an increase of $1,029,000. These increases were also primarily due to the company's new oil and gas production revenues in Alberta (which was not operational in the prior year) and Canadian sales of its FRP pipe products together with positive operating margins from the Company's oil and gas production revenues. As of December 31, 2014, the company had a net asset value per share for its continuing operations of $0.40 on a total of 97,100,617 shares outstanding. Loss from continuing operations was $2.4 million as compared to loss from continuing operations of $3.0 million for the same periods of the prior year. The company reported production results for the third quarter ended December 31, 2014. For the quarter, the company produced approximately 382 barrels of oil equivalent per day (boed), including 64 boed of oil, 238 boed of gas and 80 boed of liquids. This resulted in oil and gas revenues in the reporting period net of royalties of $1.1 million with production and operating expenses before G&A of $0.7 million producing net operating income of $0.4 million or a margin of 36%. These results have positively impacted the company's total EBITDA from continuing operations.

Hanwei Energy Services Corp., Q3 2015 Earnings Call, Feb 18, 2015

Hanwei Energy Services Corp., Q3 2015 Earnings Call, Feb 18, 2015

Hanwei Energy Services Corp. Confirms New 10 Kilometer Canadian Line Pipe Order Including First Canadian Polymer Flood Application

Hanwei Energy Services Corp. announced that it has been awarded a new 10 kilometer line pipe order for the supply of the company's 3" and 4" diameter high pressure, glass reinforced epoxy (GRE) pipes and fittings. This order, valued at approximately $0.4 million will be immediately produced and shipped during December 2014. The order includes applications for polymer injection, saltwater injection, and oil transmission line pipe within existing, producing fields in Alberta. The polymer injection piping is for an initial, pilot order by the customer that is the first phase of a potential four phase, $2 million pipe installation that forms part of a new $180 million, third stage recovery facility recently opened. The facility is now completing its support infrastructure that includes the GRE piping installations.

 

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Industry Analysis

HE

Industry Average

Valuation HE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 160.6x
TEV/Sales NM Not Meaningful
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