Headwater Exploration (TSE:HWX) Price Target Raised to C$15.00 at Royal Bank Of Canada

Headwater Exploration (TSE:HWX) had its price target hoisted by Royal Bank Of Canada from C$14.00 to C$15.00 in a report issued on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Desjardins set a C$14.50 target price on Headwater Exploration and gave the stock a “hold” rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.36.

Headwater Exploration Price Performance

Headwater Exploration stock opened at C$13.13 on Monday. The business’s 50 day simple moving average is C$12.60 and its 200 day simple moving average is C$12.20. Headwater Exploration has a 12 month low of C$6.58 and a 12 month high of C$13.82. The company has a market cap of C$3.12 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.83 and a beta of 0.61. The company has a current ratio of 1.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

Headwater Exploration (TSE:HWX) last released its earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%.The business had revenue of C$227.67 million during the quarter. Sell-side analysts forecast that Headwater Exploration will post 0.6296296 EPS for the current year.

Headwater Exploration Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, June 30th. Headwater Exploration’s payout ratio is presently 57.69%.

Insider Transactions at Headwater Exploration

In other Headwater Exploration news, Director Kevin Olson sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 2,820,179 shares of the company’s stock, valued at C$37,564,784.28. This trade represents a 3.42% decrease in their position. Also, Director Karen Nielsen purchased 6,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of C$12.90 per share, with a total value of C$77,400.00. Following the transaction, the director owned 6,000 shares in the company, valued at approximately C$77,400. The trade was a ∞ increase in their position. 5.08% of the stock is owned by corporate insiders.

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.