Headwater Exploration (TSE:HWX) PT Set at C$14.50 by Desjardins

Headwater Exploration (TSE:HWX) received a C$14.50 target price from research analysts at Desjardins in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price would indicate a potential upside of 13.55% from the stock’s previous close.

Headwater Exploration Stock Up 1.6%

Headwater Exploration stock opened at C$12.77 on Friday. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.83 and a beta of 0.61. The stock 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 12 month low of C$6.58 and a 12 month high of C$13.82. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 0.27.

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

Insider Activity

In other news, Director Kevin Olson sold 100,000 shares of Headwater Exploration stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of C$13.32, for a total value of C$1,332,000.00. Following the completion of the sale, the director directly owned 2,820,179 shares in the company, valued at C$37,564,784.28. The trade was a 3.42% decrease in their ownership of the stock. Also, Director Karen Nielsen acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of C$12.90 per share, with a total value of C$77,400.00. Following the completion of the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at C$77,400. The trade was a ∞ increase in their ownership of the stock. 5.08% of the stock is currently owned by corporate 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.