High Arctic Energy Services (HWO) Price Target Cut to C$4.50

High Arctic Energy Services (TSE:HWO) had its price objective cut by National Bank Financial from C$5.25 to C$4.50 in a research note issued to investors on Monday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 17.49% from the stock’s previous close.

High Arctic Energy Services (TSE HWO) traded down C$0.09 during trading on Monday, hitting C$3.83. 59,699 shares of the stock traded hands, compared to its average volume of 71,014. High Arctic Energy Services has a 1 year low of C$3.61 and a 1 year high of C$5.83. The company has a market capitalization of $209.14, a P/E ratio of 8.51 and a beta of 0.78.

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High Arctic Energy Services Company Profile

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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