Analysts Set Headwater Exploration Inc. (TSE:HWX) Price Target at C$12.07

Shares of Headwater Exploration Inc. (TSE:HWX) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$12.07.

Separately, Desjardins set a C$14.50 target price on shares of Headwater Exploration and gave the company a “hold” rating in a research report on Friday, July 17th.

Insider Buying and Selling

In related news, Director Karen Nielsen bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of C$12.90 per share, with a total value of C$25,800.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately C$25,800. This represents a ∞ increase in their position. Also, Director Kevin Olson sold 100,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$13.32, for a total value of C$1,332,000.00. Following the completion of the transaction, the director directly owned 2,820,179 shares of the company’s stock, valued at approximately C$37,564,784.28. The trade was a 3.42% decrease in their ownership of the stock. 5.08% of the stock is currently owned by insiders.

Headwater Exploration Stock Up 0.2%

HWX opened at C$12.92 on Friday. Headwater Exploration has a fifty-two week low of C$6.58 and a fifty-two week high of C$13.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 2.07. The firm’s fifty day moving average price is C$12.59 and its two-hundred day moving average price is C$12.09. The company has a market capitalization of C$3.07 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.83 and a beta of 0.61.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.12 earnings per share (EPS) for the quarter. The company had revenue of C$133.81 million during the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. On average, analysts anticipate that Headwater Exploration will post 0.6296296 EPS for the current year.

Headwater Exploration Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. Headwater Exploration’s dividend payout ratio (DPR) is currently 75.86%.

Headwater Exploration Company Profile

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.