Headwater Exploration (TSE:HWX) Hits New 52-Week High – Time to Buy?

Headwater Exploration Inc. (TSE:HWX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$14.70 and last traded at C$14.70, with a volume of 539830 shares. The stock had previously closed at C$13.85.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HWX. Desjardins set a C$14.50 price objective on Headwater Exploration and gave the stock a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada upped their target price on 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$12.36.

Headwater Exploration Trading Down 0.2%

The stock’s fifty day simple moving average is C$13.49 and its 200-day simple moving average is C$12.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07. The firm has a market cap of C$3.32 billion, a PE ratio of 17.88, a PEG ratio of 0.83 and a beta of 0.55.

Headwater Exploration (TSE:HWX) last announced 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 firm had revenue of C$227.67 million for the quarter. On average, sell-side analysts forecast that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current year.

Headwater Exploration Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, June 30th. Headwater Exploration’s 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.