Headwater Exploration Inc. (TSE:HWX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Headwater Exploration Inc. (TSE:HWX) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$12.36.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Desjardins set a C$14.50 price objective on shares of Headwater Exploration and gave the stock a “hold” rating in a report on Friday, July 17th.

Insider Activity

In related news, Director Karen Nielsen purchased 2,000 shares of the stock in a transaction that occurred 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 acquisition, the director owned 2,000 shares of the company’s stock, valued at C$25,800. This trade represents a ∞ increase in their position. 5.08% of the stock is currently owned by insiders.

Headwater Exploration Stock Up 3.4%

HWX stock opened at C$13.25 on Tuesday. The stock’s fifty day simple moving average is C$12.66 and its two-hundred day simple moving average is C$12.43. 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 has a 1-year low of C$6.58 and a 1-year high of C$13.82. The stock has a market cap of C$3.15 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.83 and a beta of 0.58.

Headwater Exploration (TSE:HWX) last announced 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 firm had revenue of C$227.67 million during the quarter. Analysts expect that Headwater Exploration will post 0.6296296 EPS for the current year.

Headwater Exploration Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is currently 57.69%.

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.