HIGH ARCTIC ENERGY SERVICES INC. chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.98
Dividend & Yield0.06C$ (4.23%)
Beta 2.34
Market capitalization 73.1M
Operating cash flow 3.69M
ESG Scores unknown

Company description

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Canada and Papua New Guinea. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills standalone snubbing system for completions and workovers; hydraulic workover units, such as a patented L-Frame equipment configuration; rig assist snubbing unit, a truck-mounted hydraulic system to manage underbalanced wellbore conditions; and power tower to install a snubbing unit and blowout preventers in one lift. The company also rents oilfield equipment comprising accumulators, blowout preventers, casing cutters and scrappers, hydraulic catwalks, rig shacks, chokes, boilers, boiler blowdown tanks, generators, light towers, cross over and rotary subs, elevators, EUE collars, fire suppression kits, fuel tank skids, hot tap kits, mud cans, pickers, pipe racks, power swivels, pumps, slips, spools, flanges, thread washers, tongs, trailers and accommodations, tubing, gate, plug, hydraulic/air actuated, and safety valves; and kelly cocks for drilling, completions, workover, and abandonment of oil and gas operations. In addition, it provides nitrogen pumping units; and well servicing. Further, the company owns and operates two heli-portable drilling rigs in Papua New Guinea; and offers support equipment, such as rig matting, crawler cranes, water pumps, forklifts/wheel loaders, telehandlers, lighting towers, camps, trucks, wash-down packages, vehicles, and drill pipes and BHA. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

Sector: Energy - Industry: Oil & Gas Equipment & Services

Financial Ratios
Quick Ratio2.34
Working Capital-0.63
Return On Equity-0.13
Debt To Equity0.05
Fixed Asset Ratio-0.37
Fixed Interest Cover-31.21

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -13.6M -17.4M -1.1M -5.57M
Net Borrowings -1M -1.3M 7.88M -3.54M
Total Cash From Financing Activities -20.7M -16.3M 4.6M -13.39M
Change To Operating Activities 5.2M -2.6M 13.83M -5.49M
Issuance Of Stock 400k
Net Income 11.4M -8.8M -25.98M -18.61M
Change In Cash 9.4M -22.2M 23.29M -20.56M
Effect Of Exchange Rate 1.6M -1.2M -363k 197k
Total Cash From Operating Activities 42.1M 12.7M 20.15M -1.8M
Depreciation 25.7M 28.3M 35.48M 23.64M
Change To Account Receivables
Other Cashflows From Financing Activities -819k -819k -819k
Change To Netincome -200k -4.2M -3.18M -1.33M
Capital Expenditures -9.8M -14.8M -4.87M -7.24M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 22.4M -6.3M -26.19M -19.92M
Net Income 11.4M -8.8M -25.98M -18.61M
Selling General Administrative 35.7M 31.3M 17.08M 9.99M
Gross Profit 86.5M 50.7M 19.39M 13.43M
Ebit 23.7M -9.4M -33.73M -20.91M
Operating Income 23.7M -9.4M -33.73M -20.91M
Interest Expense -600k -700k -993k -670k
Income Tax Expense 11M 2.5M -205k -1.31M
Total Revenue 203.3M 185.5M 90.83M 76.44M
Cost Of Revenue 116.8M 134.8M 71.44M 63.01M
Total Other Income ExpenseNet -1.3M 3.1M 7.54M 994k
Net Income From Continuing Ops 11.4M -8.8M -25.98M -18.61M
Net Income Applicable To Common Shares 11.4M -8.8M -25.98M -18.61M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 38.2M 46.2M 36.94M 36.6M
Total Stockholder Equity 234.2M 205.6M 177.22M 148.85M
Other Current Liabilities 3.5M 2.1M 481k 664k
Total Assets 272.4M 251.8M 214.16M 185.45M
Common Stock 177.9M 173.1M 169.22M 169.7M
Other Current Assets
Retained Earnings 17.9M -2.2M -29.73M -58.09M
Treasury Stock 28.8M 24.8M 23.99M 23.42M
Cash 31.5M 9.3M 32.6M 12.04M
Total Current Liabilities 23.6M 26.9M 11.01M 15.41M
Other Stockholder Equity 28.8M 24.8M 23.99M 23.42M
Property, Plant, and Equipment 184.4M 181.5M 147.74M 130.58M
Total Current Assets 80.4M 62.7M 55.59M 45.13M
Net Tangible Assets 234.2M 205.6M 177.22M 148.85M
Net Receivables 36.5M 43.1M 12.89M 21.72M
Accounts Payable 10.9M 23.2M 9.08M 13.37M


Insider Transactions

Here are the insider transactions of stock shares related to HIGH ARCTIC ENERGY SERVICES INC.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Maguire (Michael Joseph)Acquisition or disposition in the public market at price 1.17 per share.D2022-08-16Senior Officer of Issuer15k
Mierendorf, LanceAcquisition or disposition in the public market at price 1.15 per share.D2022-08-16Senior Officer of Issuer5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to HIGH ARCTIC ENERGY SERVICES INC.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on HIGH ARCTIC ENERGY SERVICES INC.

Here is the result of two systematic investment strategies applied to HIGH ARCTIC ENERGY SERVICES INC.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows the equity curve of the two systematic investment strategies applied to HIGH ARCTIC ENERGY SERVICES INC.:

HIGH ARCTIC ENERGY SERVICES INC. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 26.72% on the backtest period.

Performance at glance

Performance

26.72 %

Latent gain

401.24 C$

Invested capital

1501.6 C$

Annualized return

6.45 %
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Momentum strategy results on HIGH ARCTIC ENERGY SERVICES INC.

This is the result of two momentum investment strategies applied to HIGH ARCTIC ENERGY SERVICES INC.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows all the entries opened by the momentum investment system on HIGH ARCTIC ENERGY SERVICES INC.:

HIGH ARCTIC ENERGY SERVICES INC. momentum entries
  • The first momentum investment strategy would give 13.74% of return on HIGH ARCTIC ENERGY SERVICES INC.. That represents 687.49C$ of latent gain with 5002.19C$ of employed capital.
  • The second momentum investment strategy would give 18.82% of return on HIGH ARCTIC ENERGY SERVICES INC.. That represents 517.6C$ of latent gain with 2749.57C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

13.74 %

Latent gain

687.49 C$

Invested capital

5002.19 C$

Annualized return

14.41 %
Performance at glance (2Q Momentum)

Performance

18.82 %

Latent gain

517.6 C$

Invested capital

2749.57 C$

Annualized return

5.14 %

Momentum equity curve on HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows the equity curve of the two momentum strategies applied to HIGH ARCTIC ENERGY SERVICES INC.:

HIGH ARCTIC ENERGY SERVICES INC. momentum equity

Note: the dividends potentially given by HIGH ARCTIC ENERGY SERVICES INC. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows the employed capital evolution of the two momentum strategies on HIGH ARCTIC ENERGY SERVICES INC. since the beginning:

HIGH ARCTIC ENERGY SERVICES INC.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on HIGH ARCTIC ENERGY SERVICES INC.

Buy the dip entry openings on HIGH ARCTIC ENERGY SERVICES INC.

HIGH ARCTIC ENERGY SERVICES INC.

The performance achieved by the robo-advisor on HIGH ARCTIC ENERGY SERVICES INC. is 30.83%. That represents 76.96$ of latent gain with 249.6C$ of employed capital. The following chart shows HIGH ARCTIC ENERGY SERVICES INC. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of HIGH ARCTIC ENERGY SERVICES INC., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

30.83 %

Latent gain

76.96 C$

Invested capital

249.6 C$

Annualized return

14.41 %

Equity curve of the strategy applied to HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows the result of the investment strategy applied to HIGH ARCTIC ENERGY SERVICES INC.:

HIGH ARCTIC ENERGY SERVICES INC.

Note: the dividends potentially given by HIGH ARCTIC ENERGY SERVICES INC. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows the employed capital evolution since the beginning of the investment strategy on HIGH ARCTIC ENERGY SERVICES INC.:

HIGH ARCTIC ENERGY SERVICES INC.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on HIGH ARCTIC ENERGY SERVICES INC.

In this section, I will compare the three previous investment strategies applied to HIGH ARCTIC ENERGY SERVICES INC..

Equity curve comparison on HIGH ARCTIC ENERGY SERVICES INC.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

HIGH ARCTIC ENERGY SERVICES INC. investment strategy comparison

Employed capital comparison on HIGH ARCTIC ENERGY SERVICES INC.

HIGH ARCTIC ENERGY SERVICES INC. investment comparison

Performance comparison on HIGH ARCTIC ENERGY SERVICES INC.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 26.72% 401.24C$ 1501.6C$ 6.45%
Momentum 1 quarter 13.74% 687.49C$ 5002.19C$ 3.52%
Momentum 2 quarters 18.82% 517.6C$ 2749.57C$ 5.14%
Non-directional 30.83% 76.96C$ 249.6C$ 14.41%
Annualized return comparison

Automatic investment

6.45 %

Momentum 1Q

5.14 %

Momentum 2Q

5.14 %

Non-directional

14.41 %

Correlated stocks

Here are the most positively and negatively correlated stocks with HIGH ARCTIC ENERGY SERVICES INC.:

Positive correlations

Most correlated stocks this year

  • HIGH ARCTIC ENERGY SERVICES INC.

  • Most correlated stocks last 3 months

  • VELA TECHNOLOGIES PLC ORD 0.1P
  • LEGEND STRAT
  • ASIA GROCERY
  • PROSPEROUSPRINT
  • HIGH ARCTIC ENERGY SERVICES INC.

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between HIGH ARCTIC ENERGY SERVICES INC. and the other stocks. There may be false positives or some missing correlated stocks. If the price of HIGH ARCTIC ENERGY SERVICES INC. does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name HIGH ARCTIC ENERGY SERVICES INC.
    Country Canada
    City Calgary
    Address 330 – 5th Avenue SW
    Phone
    Website www.haes.ca
    FullTime employees 479
    Industry Oil & Gas Equipment & Services
    Sector Energy
    Exchange XTSE
    Ticker HWO.XTSE
    Market

    HIGH ARCTIC ENERGY SERVICES INC. ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown