Headwater Exploration (TSE:HWX) Releases Earnings Results

Headwater Exploration (TSE:HWX) issued its quarterly earnings data on Thursday. The company reported C$0.36 EPS for the quarter, FiscalAI reports. The company had revenue of C$227.67 million during the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%.

Headwater Exploration Price Performance

Shares of TSE:HWX opened at C$13.30 on Friday. The company’s fifty day moving average price is C$12.60 and its 200-day moving average price is C$12.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 2.07. The firm has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 0.83 and a beta of 0.61. Headwater Exploration has a one year low of C$6.58 and a one year high of C$13.82.

Headwater Exploration Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.6%. Headwater Exploration’s dividend payout ratio is presently 75.86%.

Insiders Place Their Bets

In other news, Director Kevin Olson sold 100,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$13.32, for a total value of C$1,332,000.00. Following the completion of the transaction, the director directly 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 6,000 shares of Headwater Exploration stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of C$12.90 per share, for a total transaction of C$77,400.00. Following the completion of the transaction, the director directly owned 6,000 shares in the company, valued at approximately C$77,400. The trade was a ∞ increase in their position. 5.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$14.50 price target on shares of Headwater Exploration and gave the company a “hold” rating in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.07.

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.