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

Shares of Headwater Exploration Inc. (TSE:HWX) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$12.07.

Separately, Desjardins set a C$14.50 price objective on Headwater Exploration and gave the stock a “hold” rating in a report on Friday.

Headwater Exploration Trading Up 1.7%

Shares of Headwater Exploration stock traded up C$0.21 during trading on Friday, reaching C$12.78. 265,988 shares of the stock were exchanged, compared to its average volume of 822,511. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is C$12.59 and its 200 day moving average is C$12.01. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 0.83 and a beta of 0.61. Headwater Exploration has a 1 year low of C$6.58 and a 1 year high of C$13.82.

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

Headwater Exploration Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s payout ratio is presently 75.86%.

Insider Buying and Selling at Headwater Exploration

In related news, Director Karen Nielsen acquired 6,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of C$12.90 per share, for a total transaction of C$77,400.00. Following the acquisition, the director owned 6,000 shares of the company’s stock, valued at C$77,400. This trade represents a ∞ increase in their ownership of the stock. Also, 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 transaction of C$1,332,000.00. Following the completion of 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 ownership of the stock. 5.08% of the stock is currently 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.