High Arctic Energy Services, Inc. (HWO) Price Target Increased to C$6.25 by Analysts at National Bank Financial
High Arctic Energy Services, Inc. (TSE:HWO) had its target price upped by National Bank Financial from C$5.50 to C$6.25 in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 36.76% from the company’s current price.
Other analysts also recently issued research reports about the stock. Pi Financial reduced their price objective on shares of High Arctic Energy Services from C$7.50 to C$6.00 and set a “buy” rating for the company in a research report on Tuesday, August 16th. AltaCorp Capital reduced their price objective on shares of High Arctic Energy Services from C$5.25 to C$5.00 in a research report on Monday, August 15th. Finally, Acumen Capital reaffirmed a “buy” rating and set a C$5.95 price objective on shares of High Arctic Energy Services in a research report on Tuesday, September 6th.
Shares of High Arctic Energy Services (TSE:HWO) traded up 1.11% during trading on Monday, hitting $4.57. 84,020 shares of the stock traded hands. The stock has a market cap of $240.20 million and a price-to-earnings ratio of 7.77. The stock has a 50 day moving average price of $4.11 and a 200-day moving average price of $3.92. High Arctic Energy Services has a 1-year low of $2.73 and a 1-year high of $4.79.
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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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