High Arctic Energy Services Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for High Arctic Energy Services.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Energy Services earnings growth	22.3%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	None
Last updated	n/a

Recent future growth updates

Recent updates

Investors Give High Arctic Energy Services Inc (TSE:HWO) Shares A 45% Hiding

Jul 19

These 4 Measures Indicate That High Arctic Energy Services (TSE:HWO) Is Using Debt Safely

May 22

Investors Still Waiting For A Pull Back In High Arctic Energy Services Inc (TSE:HWO)

Apr 09

High Arctic Energy Services (TSE:HWO) Is In A Good Position To Deliver On Growth Plans

Dec 02

Calculating The Fair Value Of High Arctic Energy Services Inc (TSE:HWO)

Sep 29

Is High Arctic Energy Services (TSE:HWO) Using Debt Sensibly?

Mar 07

High Arctic Energy Services' (TSE:HWO) Shareholders Are Down 68% On Their Shares

Jan 11

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as High Arctic Energy Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

TSX:HWO - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	68	-13	19	22	N/A
6/30/2024	66	-13	18	21	N/A
3/31/2024	64	-12	16	18	N/A
12/31/2023	62	-13	9	11	N/A
9/30/2023	14	-10	4	4	N/A
6/30/2023	26	-15	2	3	N/A
3/31/2023	49	-34	5	8	N/A
12/31/2022	77	-36	4	8	N/A
9/30/2022	89	-32	-3	4	N/A
6/30/2022	95	-32	-5	4	N/A
3/31/2022	87	-16	-8	0	N/A
12/31/2021	76	-19	-9	-2	N/A
9/30/2021	69	-26	-1	4	N/A
6/30/2021	69	-27	1	5	N/A
3/31/2021	69	-29	7	10	N/A
12/31/2020	91	-26	15	20	N/A
9/30/2020	117	-17	10	19	N/A
6/30/2020	148	-12	9	20	N/A
3/31/2020	179	-10	7	21	N/A
12/31/2019	186	-9	-2	13	N/A
9/30/2019	191	-8	14	28	N/A
6/30/2019	196	0	18	30	N/A
3/31/2019	196	6	28	37	N/A
12/31/2018	203	11	32	42	N/A
9/30/2018	207	17	24	31	N/A
6/30/2018	195	13	N/A	29	N/A
3/31/2018	199	16	N/A	44	N/A
12/31/2017	210	20	N/A	34	N/A
9/30/2017	221	24	N/A	32	N/A
6/30/2017	226	42	N/A	32	N/A
3/31/2017	218	43	N/A	26	N/A
12/31/2016	208	45	N/A	52	N/A
9/30/2016	204	47	N/A	54	N/A
6/30/2016	215	37	N/A	61	N/A
3/31/2016	220	38	N/A	54	N/A
12/31/2015	210	32	N/A	46	N/A
9/30/2015	198	31	N/A	44	N/A
6/30/2015	181	24	N/A	47	N/A
3/31/2015	172	24	N/A	46	N/A
12/31/2014	172	28	N/A	44	N/A
9/30/2014	164	26	N/A	50	N/A
6/30/2014	159	30	N/A	48	N/A
3/31/2014	152	26	N/A	45	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HWO's forecast earnings growth is above the savings rate (2.3%).

Earnings vs Market: Insufficient data to determine if HWO's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if HWO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if HWO's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if HWO's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HWO's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 17:01
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

High Arctic Energy Services Inc is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tim Monachello	ATB Capital Markets
Jason Zhang	Cormark Securities Inc.
Elias Foscolos	iA Capital Markets

High Arctic Energy Services Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus forecasts updated

Price target increased to CA$2.50

Price target increased to CA$2.00

Price target decreased to CA$1.80

Price target raised to CA$2.38

Analysts increase revenue estimates to CA$95.0m

Recent updates

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: EPS: CA$0.01 (vs CA$1.24 loss in 3Q 2023)

New major risk - Market cap size

High Arctic Energy Services Inc completed the Spin-Off of High Arctic Overseas Holdings Corp.

Investors Give High Arctic Energy Services Inc (TSE:HWO) Shares A 45% Hiding

Independent Director exercised options to buy CA$445k worth of stock.

First quarter dividend of CA$0.76 announced

High Arctic Energy Services Inc Appoints Lonn Bate as Chief Financial Officer Effective July 1, 2024

These 4 Measures Indicate That High Arctic Energy Services (TSE:HWO) Is Using Debt Safely

First quarter 2024 earnings released: EPS: CA$0.07 (vs CA$0.013 loss in 1Q 2023)

High Arctic Energy Services Inc to Report Q1, 2024 Results on May 15, 2024

Full year 2023 earnings released: CA$0.25 loss per share (vs CA$0.75 loss in FY 2022)

Investors Still Waiting For A Pull Back In High Arctic Energy Services Inc (TSE:HWO)

High Arctic Energy Services Inc to Report Q4, 2023 Results on Apr 05, 2024

Chief Executive Officer exercised options to buy CA$343k worth of stock.

Third quarter 2023 earnings released: CA$0.31 loss per share (vs CA$0.093 loss in 3Q 2022)

High Arctic Energy Services Inc to Report Q3, 2023 Results on Nov 08, 2023

High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on October 16, 2023

High Arctic Energy Services' (TSE:HWO) Dividend Will Be CA$0.005

High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on September 14, 2023

High Arctic Energy Services Inc Announces CFO Changes, Effective August 17, 2023

High Arctic Energy Services Inc Announces the Resignation of Daniel Bordessa as a Director

New major risk - Dividend sustainability

Second quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.42 loss in 2Q 2022)

High Arctic Energy Services Inc to Report Q2, 2023 Results on Aug 03, 2023

High Arctic Energy Services (TSE:HWO) Has Announced A Dividend Of CA$0.005

High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on August 14, 2023

High Arctic Energy Services (TSE:HWO) Has Announced A Dividend Of CA$0.005

High Arctic Declares Monthly Dividend, Payable on July 14, 2023

An Unknown buyer agreed to acquire Canadian nitrogen pumping assets from High Arctic Energy Services Inc for CAD 1.35 million.

High Arctic Energy Services (TSE:HWO) Is Due To Pay A Dividend Of CA$0.005

High Arctic Energy Services Inc. Announces the Resignation of Lance Mierendorf as Chief Financial Officer, Effective from August 17, 2023

High Arctic Energy Services Inc Declares Monthly Dividend, Payable on June 14, 2023

First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.055 loss in 1Q 2022)

High Arctic Energy Services Inc to Report Q1, 2023 Results on May 11, 2023

Full year 2022 earnings released: CA$0.75 loss per share (vs CA$0.38 loss in FY 2021)

High Arctic Energy Services Inc. Declares Monthly Dividend, Payable on February 14, 2023

High Arctic Energy Services Inc Declares Monthly Dividend, Payable on January 13, 2023

High Arctic Declares Monthly Dividend, Payable on December 14, 2022

Third quarter 2022 earnings released: CA$0.09 loss per share (vs CA$0.098 loss in 3Q 2021)

Insufficient new directors

High Arctic Energy Services Inc to Report Q3, 2022 Results on Nov 10, 2022

High Arctic Energy Services Inc Announces Monthly Dividend, Payable on November 14, 2022

High Arctic Energy Services Inc Approves Monthly Dividend, Payable on October 14, 2022

High Arctic Energy Services Inc Declares Monthly Dividend, Payable on September 14, 2022

Second quarter 2022 earnings released: CA$0.42 loss per share (vs CA$0.082 loss in 2Q 2021)

High Arctic Energy Services Inc to Report Q2, 2022 Results on Aug 11, 2022

High Arctic Energy Services Inc to Report Q2, 2022 Results on Aug 11, 2022

Precision Drilling Corporation (TSX:PD) completed the acquisition of Well servicing business and associated rentals assets of High Arctic Energy Services Inc (TSX:HWO) for CAD 38.2 million.

High Arctic Energy Services Inc Declares Monthly Dividend, Payable on August 12, 2022

Consensus forecasts updated

Precision Drilling Corporation (TSX:PD) entered into an asset purchase agreement to acquire Well servicing business and associated rentals assets of High Arctic Energy Services Inc (TSX:HWO) for CAD 38.2 million.

High Arctic Energy Services Inc Declares Monthly Dividend, Payable on July 14, 2022

High Arctic Energy Services Inc Declares Monthly Dividend, Payable on June 14, 2022

High Arctic Energy Services Inc to Report Q1, 2022 Results on May 12, 2022

Price target increased to CA$2.50

Insufficient new directors

Full year 2021 earnings: EPS exceeds analyst expectations

High Arctic Energy Services Inc. Commences Rig Operations in PNG

Insufficient new directors

High Arctic Energy Services (TSE:HWO) Is In A Good Position To Deliver On Growth Plans

Price target increased to CA$2.00

Third quarter 2021 earnings released: CA$0.10 loss per share (vs CA$0.13 loss in 3Q 2020)

Price target decreased to CA$1.80

Calculating The Fair Value Of High Arctic Energy Services Inc (TSE:HWO)

Second quarter 2021 earnings released: CA$0.08 loss per share (vs CA$0.12 loss in 2Q 2020)

High Arctic Energy Services Inc Announces an Update on Activities in Papua New Guinea

First quarter 2021 earnings released: CA$0.11 loss per share (vs CA$0.044 loss in 1Q 2020)

High Arctic Energy Services Inc. Announces No Dividend for First Quarter of 2021