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

Headwater Exploration Inc. (TSE:HWX) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three investment 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 issued ratings on the stock in the last year is C$11.68.

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

Insider Buying and Selling

In other news, Director Karen Nielsen bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of C$12.90 per share, for a total transaction of C$25,800.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately C$25,800. This represents a ∞ increase in their ownership of the stock. Also, Director Kevin Olson sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of C$13.32, for a total value 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. 5.08% of the stock is owned by corporate insiders.

Headwater Exploration Stock Performance

HWX opened at C$13.60 on Wednesday. Headwater Exploration has a 52-week low of C$6.13 and a 52-week high of C$13.69. 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 company has a market cap of C$3.23 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.49. The firm’s 50-day moving average price is C$12.65 and its 200-day moving average price is C$10.88.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$133.81 million for the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. As a group, equities analysts anticipate that Headwater Exploration will post 0.6296296 EPS 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.