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

Headwater Exploration Inc. (TSE:HWX) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$12.36.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada raised 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 research report on Monday, July 27th. Desjardins set a C$14.50 price objective on Headwater Exploration and gave the company a “hold” rating in a research report on Friday, July 17th.

Headwater Exploration Stock Performance

Headwater Exploration stock opened at C$13.67 on Tuesday. Headwater Exploration has a 1-year low of C$6.58 and a 1-year high of C$13.82. The company has a current ratio of 1.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of C$3.25 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 0.83 and a beta of 0.58. The firm’s 50 day simple moving average is C$12.68 and its 200 day simple moving average is C$12.51.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$0.36 earnings per share for the quarter. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. The company had revenue of C$227.67 million for the quarter. As a group, analysts expect that Headwater Exploration will post 0.6296296 earnings per share for the current fiscal year.

Headwater Exploration Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is presently 57.69%.

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.