Is High Arctic Energy Services, Inc. a Sell? The Stock Declines Again

 Is High Arctic Energy Services, Inc. a Sell? The Stock Declines Again

The stock of High Arctic Energy Services, Inc. (TSE:HWO) is a huge mover today! About 125,434 shares traded hands or 2.45% up from the average. High Arctic Energy Services, Inc. (TSE:HWO) has risen 49.52% since March 10, 2016 and is uptrending. It has outperformed by 43.91% the S&P500.
The move comes after 8 months negative chart setup for the $234.74M company. It was reported on Oct, 17 by Barchart.com. We have $4.05 PT which if reached, will make TSE:HWO worth $23.47 million less.

More notable recent High Arctic Energy Services, Inc. (TSE:HWO) news were published by: Marketwired.com which released: “High Arctic Energy Services Inc. Announces Acquisition of Tervita Corporation …” on August 29, 2016, also Marketwired.com with their article: “High Arctic Energy Services Inc. Announces Closing of Acquisition of Tervita …” published on September 01, 2016, Theglobeandmail.com published: “The Globe and Mail” on August 10, 2009. More interesting news about High Arctic Energy Services, Inc. (TSE:HWO) were released by: Seekingalpha.com and their article: “High Arctic Energy Services Is The Best Value In The Canadian Oil Patch – Sort …” published on June 25, 2015 as well as Seekingalpha.com‘s news article titled: “Avoiding The Freeze – High Arctic Energy Services” with publication date: January 25, 2016.

High Arctic Energy Services Inc. is a Canada company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the gas and oil industry. The company has a market cap of $234.74 million. The Firm operates through providing oilfield services to clients in Canada and Papua New Guinea segment. It has a 7.58 P/E ratio. In PNG, the product line consists of contract drilling services, workover services and equipment rental including rig mats, cranes and oilfield related equipment.

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