Last C$0.27 CAD
Change Today 0.00 / 0.00%
Volume 5.0K
HE On Other Exchanges
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As of 3:42 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

hanwei energy services corp (HE) Snapshot

Open
C$0.27
Previous Close
C$0.27
Day High
C$0.27
Day Low
C$0.27
52 Week High
07/2/14 - C$0.34
52 Week Low
12/6/13 - C$0.06
Market Cap
18.9M
Average Volume 10 Days
24.0K
EPS TTM
C$-0.03
Shares Outstanding
71.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for HANWEI ENERGY SERVICES CORP (HE)

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hanwei energy services corp (HE) Details

Hanwei Energy Services Corp., through its subsidiaries, engineers and produces fiberglass reinforced plastic (FRP) pipe products for oil and gas, marine and offshore, chemical, salt, infrastructure, and municipal applications. The company produces a range of small, medium, and large diameter FRP pipes, fittings, and fixtures, as well as custom FRP system solutions. It offers line pipes, connecting systems, and downhole pipe and casing products. The company sells its products primarily in China, Middle Asia, and the Middle East. Hanwei Energy Services Corp. was founded in 2002 and is headquartered in Vancouver, Canada.

212 Employees
Last Reported Date: 06/23/14
Founded in 2002

hanwei energy services corp (HE) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$125.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$150.0K
Executive Vice President of Strategic Develop...
Total Annual Compensation: C$122.1K
Compensation as of Fiscal Year 2014.

hanwei energy services corp (HE) Key Developments

Hanwei Energy Services Corp. Announces Earnings Results for the First Quarter Ended June 30, 2014

Hanwei Energy Services Corp. announced earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported revenues of $3.2 million as compared to $3.8 million for the prior year consisting of approximately $3.05 million contributed by the company's FRP pipe manufacturing business and approximately $148,000 contributed by the company's oil and gas production activities (representing a partial period since acquisition as before noted for the quarter). EBITDA from continuing operations totaled negative $142,000 as compared to negative $174,000 for the prior year. Negative EBITDA of approximately $63,000 was attributed to the company's FRP pipe manufacturing business due to the volume of sales against variable and fixed costs for the period. Negative EBITDA of approximately $74,000 was contributed by the company's oil and gas production activities (representing a partial period since acquisition as before noted for the quarter). The company generated positive cash flow from operations of approximately $751,000 for the period. The company had a loss from continuing operations of $1.2 million equal to that for the same period of the prior year. The company had basic and diluted loss per share from continuing operations of $0.02 as compared to basic and diluted loss per share from continuing operations of $0.02 for the same period of 2013.

Hanwei Energy Services Corp., Q1 2015 Earnings Call, Aug 13, 2014

Hanwei Energy Services Corp., Q1 2015 Earnings Call, Aug 13, 2014

Hanwei Energy Services Corp. Announces Initial Production Results from Operating Oil and Gas Wells in Leduc Lands

Hanwei Energy Services Corp. announced it's initial production results from its operating oil and gas wells in its Leduc Lands. On June 30, 2014 the company completed its work over and commenced gas production for sales following the perforation of its existing 14-32-49-26W4 gas well. This existing well was perforated over a three meter interval at a depth of approximately 1,300 meters into the Ellerslie formation at a total work over cost of approximately $100,000. This well is currently producing gas at a daily average rate of 1,000,000 cubic feet per day (mcfd) on a restricted choke of 12/64th of an inch. The company is monitoring the production rates for optimization of production from the currently producing interval and considers the initial improved gas production from this well a significant success. In addition to the 14-32-49-26W4M well the company has a 100% working interest in the wells 15-19-49-26W4M, 10-29-49-26W4M, 8-32-49-26W4M, and 13-33-49-26W4M and 60% in 11-33-49-26W4M well. Previous production from these wells prior to Hanwei's acquisition of its Leduc Lands has been minimal. Immediately following the completion of the acquisition and the transfer of the oil and gas rights to Hanwei the company undertook minor chemical enhancements. Hanwei has invested approximately $2,400,000 on this acquisition and work over activities to date and has received net revenues for it's April and May production of some $130,000.

 

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Valuation HE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 0.8x
Price/Cash Flow 16.7x
TEV/Sales 0.7x
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