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
(2019
sales of 196.41 million Canadian Dollars [US$138.41 million]
of which 72%
was Contract Drilling),
Cathedral Energy Services Limited
(120.28 million Canadian Dollars [US$84.76 million]
), and
AKITA Drilling Ltd.
(175.89 million Canadian Dollars [US$123.95 million]
of which 51%
was Rig Lease Revenue).
Sales Analysis.
High Arctic Energy Services Incorporation reported sales of C$185.50 million (US$130.73 million)
for the
year ending
December of 2019.
This
represents
a
decrease of 8.8%
versus 2018, when the company's sales were C$203.30 million.
The sales level in 2019 was fairly close to the level five years ago: in 2014, High Arctic Energy Services Incorporation had sales
of C$171.80 million.
Contributing to the drop in overall sales was the 23.1% decline
in Drilling Services, from C$93.00 million to C$71.50 million.
There were also decreases in sales in
Ancillary Services (down 15.5% to C$24.60 million)
.
However, these declines were partially offset by the increase in sales of
Production Services (up 8.8% to C$92.40 million)
.