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

Shares of Headwater Exploration Inc. (TSE:HWX) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings 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 12 month price objective among analysts 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 shares of Headwater Exploration and gave the stock a “hold” rating in a report on Friday, July 17th.

Headwater Exploration Stock Up 1.8%

HWX stock opened at C$13.30 on Friday. Headwater Exploration has a twelve month low of C$6.58 and a twelve month high of C$13.82. 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 50 day moving average is C$12.60 and its 200-day moving average is C$12.14. The firm has a market capitalization of C$3.16 billion, a PE ratio of 22.93, a P/E/G ratio of 0.83 and a beta of 0.61.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$227.67 million during the quarter. Headwater Exploration had a return on equity of 18.54% and a net margin of 24.12%. Sell-side analysts expect that Headwater Exploration will post 0.6296296 EPS for the current fiscal year.

Headwater Exploration Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is presently 75.86%.

Insider Activity

In other Headwater Exploration news, Director Karen Nielsen bought 2,000 shares of the business’s 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$25,800.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, 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 transaction, 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. Company insiders own 5.08% of the company’s stock.

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.