Desjardins Analysts Give Headwater Exploration (TSE:HWX) a C$14.50 Price Target

Desjardins set a C$14.50 price objective on Headwater Exploration (TSE:HWX) in a report released on Friday morning, MarketBeat reports. The firm currently has a hold rating on the stock.

Headwater Exploration Stock Performance

Shares of TSE:HWX opened at C$12.77 on Friday. Headwater Exploration has a 12-month low of C$6.58 and a 12-month high of C$13.82. The company’s 50 day moving average price is C$12.59 and its two-hundred day moving average price is C$12.04. The firm has a market cap of C$3.04 billion, a PE ratio of 22.02, a PEG ratio of 0.83 and a beta of 0.61. 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 (TSE:HWX) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. The company 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%. Equities research analysts predict that Headwater Exploration will post 0.6296296 earnings per share for the current year.

Headwater Exploration Dividend Announcement

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

Insider Buying and Selling at Headwater Exploration

In other news, Director Kevin Olson sold 100,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of C$13.32, for a total transaction of C$1,332,000.00. Following the sale, the director directly 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. Also, Director Karen Nielsen purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of C$12.90 per share, for a total transaction of C$77,400.00. Following the transaction, the director directly owned 6,000 shares of the company’s stock, valued at C$77,400. This trade represents a ∞ increase in their position. 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.