High Arctic Energy Services, Inc. (HWO) PT Lowered to C$6.00
High Arctic Energy Services, Inc. (TSE:HWO) had its target price reduced by Paradigm Capital from C$8.00 to C$6.00 in a report released on Friday, StockTargetPrices.com reports. Paradigm Capital’s price objective would indicate a potential upside of 43.88% from the company’s previous close.
High Arctic Energy Services (HWO) traded down 6.24% during midday trading on Friday, reaching $3.91. The company had a trading volume of 144,013 shares. The company’s 50-day moving average is $4.44 and its 200 day moving average is $5.17. The company has a market cap of $208.04 million and a PE ratio of 4.89. High Arctic Energy Services has a 52-week low of $3.29 and a 52-week high of $6.27.
In related news, Director Joseph Oliver purchased 20,000 shares of High Arctic Energy Services stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of C$5.13 per share, with a total value of C$102,600.00. Also, insider Donald Laine Pack sold 7,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of C$5.22, for a total value of C$36,540.00.
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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