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
(2018
sales of 236.41 million Canadian Dollars [US$178.56 million]
of which 78%
was Contract Drilling),
Cathedral Energy Services Limited
(160.83 million Canadian Dollars [US$121.47 million]
), and
AKITA Drilling Ltd.
(118.36 million Canadian Dollars [US$89.40 million]
of which 100%
was Drilling Services).
Sales Analysis.
High Arctic Energy Services Incorporation reported sales of C$203.30 million (US$153.55 million)
for the
year ending
December of 2018.
This
represents
a
decrease of 3.3%
versus 2017, when the company's sales were C$210.20 million.
Contributing to the drop in overall sales was the 11.5% decline
in Drilling Services, from C$105.10 million to C$93.00 million.
.
However, these declines were partially offset by the increase in sales of
Production Services (up 4.8% to C$84.90 million)
and
Ancillary Services (up 6.2% to C$29.10 million)
.