Headwater Exploration (TSE:HWX) Issues Earnings Results

Headwater Exploration (TSE:HWX) issued its quarterly earnings results on Thursday. The company reported C$0.28 EPS for the quarter, FiscalAI reports. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. The company had revenue of C$227.66 million for the quarter.

Headwater Exploration Trading Down 0.3%

TSE HWX traded down C$0.03 during mid-day trading on Friday, hitting C$11.94. The company’s stock had a trading volume of 157,564 shares, compared to its average volume of 852,860. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07. Headwater Exploration has a 52-week low of C$7.83 and a 52-week high of C$15.26. The stock’s fifty day simple moving average is C$13.66 and its two-hundred day simple moving average is C$12.91. The firm has a market capitalization of C$2.84 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 0.83 and a beta of 0.76.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Desjardins set a C$14.50 target price on shares of Headwater Exploration and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their price objective on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Three 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 stock currently has an average rating of “Moderate Buy” and an average price target of C$12.75.

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.