Brokerages Set Headwater Exploration Inc. (TSE:HWX) PT at C$12.07

Headwater Exploration Inc. (TSE:HWX) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$12.07.

Separately, Desjardins set a C$14.50 price objective on Headwater Exploration and gave the stock a “hold” rating in a report on Friday.

Insider Transactions at Headwater Exploration

In other news, Director Karen Nielsen purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of C$12.90 per share, with a total value of C$25,800.00. Following the completion of the transaction, the director directly 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 business’s 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 owned 2,820,179 shares of the company’s stock, valued at approximately C$37,564,784.28. This represents a 3.42% decrease in their position. 5.08% of the stock is owned by corporate insiders.

Headwater Exploration Stock Performance

Shares of TSE:HWX opened at C$12.77 on Friday. The firm has a 50 day moving average of C$12.59 and a 200 day moving average of C$12.04. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 0.27. Headwater Exploration has a 52 week low of C$6.58 and a 52 week high of C$13.82. The company has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 0.83 and a beta of 0.61.

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

Headwater Exploration Announces Dividend

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