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Last C$3.87 CAD
Change Today -0.02 / -0.51%
Volume 30.4K
As of 3:59 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

high arctic energy services (HWO) Snapshot

Open
C$3.89
Previous Close
C$3.89
Day High
C$3.93
Day Low
C$3.87
52 Week High
07/7/14 - C$5.57
52 Week Low
12/10/14 - C$3.22
Market Cap
213.8M
Average Volume 10 Days
46.7K
EPS TTM
C$0.44
Shares Outstanding
55.3M
EX-Date
06/26/15
P/E TM
8.8x
Dividend
C$0.20
Dividend Yield
4.96%
Current Stock Chart for HIGH ARCTIC ENERGY SERVICES (HWO)

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high arctic energy services (HWO) Details

High Arctic Energy Services Inc. operates as an oilfield services company in Canada and Papua New Guinea. The company provides drilling services, including equipment, personnel, and support services to drill, complete, and workover onshore and offshore wells. Its drilling services include the operation of two heli-portable drilling rigs; and rolling stock support equipment, including rig matting, crawler cranes, oilfield trucks/trailers, water pumps, forklifts/wheel loaders, telehandlers, lighting towers, crew vehicles/busses, and camps. The company is also involved in the rental of equipment, including rig matting solutions, load managers, BOPs, hot tap solutions, valves, boiler equipment, and class III support trailers. In addition, it offers snubbing services, including foothills stand alone snubbing systems, stand alone snubbing systems, rig assist snubbing units, and hydraulic workover rigs, as well as nitrogen transport and pumping services. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

468 Employees
Last Reported Date: 03/12/15
Founded in 1993

high arctic energy services (HWO) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: C$163.7K
Chief Financial Officer
Total Annual Compensation: C$210.0K
Chief Operating Officer
Total Annual Compensation: C$250.0K
President of International
Total Annual Compensation: C$87.2K
Vice-President of International Operations
Total Annual Compensation: C$274.0K
Compensation as of Fiscal Year 2014.

high arctic energy services (HWO) Key Developments

High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on July 14, 2015

High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on July 14, 2015, to holders of High Arctic common shares of record at the close of business on June 30, 2015. The ex-dividend date is June 26, 2015. The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.

High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on June 12, 2015

High Arctic Energy Services Inc. announced that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on June 12, 2015, to holders of High Arctic common shares of record at the close of business on May 29, 2015. The ex-dividend date is May 27, 2015.

High Arctic Energy Services Inc Reports Consolidated Earnings Results for First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

High Arctic Energy Services Inc. reported consolidated earnings results for first quarter ended March 31, 2015. For the period, the company revenue was $44.7 million compared with $44.5 million for the same period last year. EBITDA was $9.5 million compared with $14.2 million for the same period last year. Adjusted EBITDA was $10.4 million compared with $15.1 million for the same period last year. Operating earnings was $6.9 million compared with $11.8 million for the same period last year. Net earnings was $4.8 million or $0.09 diluted per share compared with $9.3 million or $0.18 diluted per share for the same period last year. Funds provided from operations was $8.2 million or $0.15 diluted per share compared with $13.1 million or $0.26 diluted per share for the same period last year. Capital expenditures was $21.1 million compared with $1.5 million for the same period last year. Adjusted EBITDA was $10.4 million compared with $15.1 million for the same period last year. Adjusted EBITDA reflects primarily the reduced activity levels in Canada. It was also partly impacted by PNG revenue increases from lower margin drilling services and reductions in higher margin rental revenue. Looking forward to the remainder of the 2015, management continues to expect activity levels to remain low. Steps were taken to rationalize its marketed fleet and associated infrastructure in the first quarter of 2015 in response to the new market environment. Management will vigilantly monitor activity levels and respond further in the second half of the year, if warranted. The corporation continues to invest in its business with a 2015 capital expenditure program of approximately $45 million to be paid from cash resources.

 

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Industry Analysis

HWO

Industry Average

Valuation HWO Industry Range
Price/Earnings 9.1x
Price/Sales 1.3x
Price/Book 1.2x
Price/Cash Flow 6.0x
TEV/Sales 1.1x
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