Q1 2018 Earnings Forecast for High Arctic Energy Services, Inc. (HWO) Issued By Cormark

High Arctic Energy Services, Inc. (TSE:HWO) – Stock analysts at Cormark cut their Q1 2018 earnings per share (EPS) estimates for shares of High Arctic Energy Services in a research report issued to clients and investors on Tuesday. Cormark analyst J. Zhang now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.09. Cormark also issued estimates for High Arctic Energy Services’ Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.09 EPS and FY2018 earnings at $0.28 EPS.

Separately, National Bank Financial reduced their price target on shares of High Arctic Energy Services from C$5.25 to C$4.50 and set a “sector perform” rating on the stock in a research report on Monday.

High Arctic Energy Services (HWO) opened at C$3.82 on Wednesday. The firm has a market cap of $203.80, a P/E ratio of 8.49 and a beta of 0.78. High Arctic Energy Services has a 12-month low of C$3.61 and a 12-month high of C$5.83.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.016 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.19 dividend on an annualized basis and a yield of 5.03%. High Arctic Energy Services’s dividend payout ratio (DPR) is 44.00%.

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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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