High Arctic Energy Services Incorporation operates in the Drilling oil and gas wells sector.
In addition to historical fundamental analyses, the complete report available to purchase compares High Arctic Energy Services Incorporation with three other
companies in this sector in Canada:
Western Energy Services Corporation
(2017
sales of 238.18 million Canadian Dollars [US$189.78 million]
of which 77%
was Contract Drilling),
Cathedral Energy Services Limited
(147.10 million Canadian Dollars [US$117.21 million]
), and
PHX Energy Services Corporation
(241.00 million Canadian Dollars [US$192.03 million]
of which 100%
was Drilling Services).
Sales Analysis.
High Arctic Energy Services Incorporation reported sales of C$210.20 million (US$167.49 million)
for the
year ending
December of 2017.
This
represents
a very small
increase of 1.1%
versus 2016, when the company's sales were C$208.00 million.
Sales of Production Services saw an increase
that was more than double the company's growth rate: sales were up
137.5% in 2017, from
C$34.10 million to C$81.00 million.
Not all segments of High Arctic Energy Services Incorporation experienced an increase in sales in 2017:
sales of Drilling Services fell 27.3% to C$105.10 million.
High Arctic Energy Services Incorporation also experienced decreases in sales in
Ancillary Services (down 10.7% to C$27.40 million)
.