Headwater Exploration (TSE:HWX) Given a C$14.50 Price Target at Desjardins

Desjardins set a C$14.50 target price on Headwater Exploration (TSE:HWX) in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Headwater Exploration Price Performance

Shares of HWX opened at C$12.77 on Friday. The firm has a market cap of C$3.04 billion, a PE ratio of 22.02, a P/E/G ratio of 0.83 and a beta of 0.61. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of C$12.59 and a two-hundred day simple moving average of C$12.02. Headwater Exploration has a 1-year low of C$6.58 and a 1-year high of C$13.82.

Headwater Exploration (TSE:HWX) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 EPS for the quarter. The firm 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, equities analysts anticipate that Headwater Exploration will post 0.6296296 EPS for the current year.

Headwater Exploration Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is presently 75.86%.

Insider Activity

In other Headwater Exploration news, Director Karen Nielsen acquired 6,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of C$12.90 per share, with a total value of C$77,400.00. Following the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at approximately C$77,400. The trade was a ∞ increase in their ownership of the stock. Also, Director Kevin Olson sold 100,000 shares of the company’s 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 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 owned by insiders.

About Headwater Exploration

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.