Headwater Exploration Inc. (TSE:HWX) Given Average Recommendation of “Moderate Buy” by Analysts

Headwater Exploration Inc. (TSE:HWX) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$11.68.

A number of analysts have recently weighed in on the stock. Desjardins raised their price target on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday, March 6th. National Bank Financial raised their price target on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a report on Friday, March 6th. BMO Capital Markets raised their price target on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada raised their price target on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a report on Monday, March 9th.

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 completion of the sale, the director owned 2,820,179 shares in the company, valued at approximately C$37,564,784.28. This represents a 3.42% decrease in their position. Also, Director Karen Nielsen acquired 2,000 shares of the firm’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$25,800.00. Following the acquisition, the director owned 2,000 shares in the company, valued at approximately C$25,800. The trade was a ∞ increase in their position. Corporate insiders own 5.08% of the company’s stock.

Headwater Exploration Trading Up 2.3%

Shares of TSE:HWX opened at C$13.60 on Wednesday. Headwater Exploration has a 12-month low of C$6.13 and a 12-month high of C$13.69. The business’s fifty day simple moving average is C$12.65 and its 200-day simple moving average is C$10.88. The company has a market capitalization of C$3.23 billion, a PE ratio of 23.45, a P/E/G ratio of 0.83 and a beta of 0.49. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 0.27.

Headwater Exploration (TSE:HWX) last announced 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 business had revenue of C$133.81 million for the quarter. As a group, equities research analysts predict that Headwater Exploration will post 0.6296296 earnings per share for the current fiscal year.

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.