Headwater Exploration (TSE:HWX) Hits New 1-Year High – Should You Buy?

Headwater Exploration Inc. (TSE:HWX) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as C$14.76 and last traded at C$14.73, with a volume of 34,618 shares. The stock had previously closed at C$14.67.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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. Royal Bank Of Canada boosted their price objective on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$12.75.

Headwater Exploration Trading Down 2.0%

The stock has a market capitalization of C$3.49 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 0.83 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 1.07. The firm has a fifty day moving average of C$13.92 and a 200-day moving average of C$13.10.

Headwater Exploration (TSE:HWX) last released its quarterly earnings data on Thursday, July 23rd. The company reported C$0.36 EPS for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%. The company had revenue of C$227.67 million for the quarter. As a group, equities analysts predict that Headwater Exploration Inc. will post 0.63 earnings per share 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.