Headwater Exploration Inc. (TSE:HWX) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Headwater Exploration has a “Moderate Buy” consensus rating from six analysts, split evenly between three buy and three hold recommendations. The average 12-month price target is C$12.36.
• Shares opened at C$14.22, near the company’s 52-week high of C$14.70, with a market capitalization of approximately C$3.38 billion.
• The company reported quarterly EPS of C$0.36 on revenue of C$227.67 million and pays a quarterly dividend of C$0.12, equivalent to an annualized yield of about 3.4%.

Headwater Exploration Inc. (TSE:HWX - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$12.36.

Several equities research analysts have issued reports on HWX shares. Royal Bank Of Canada raised their target price on 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. Desjardins set a C$14.50 price target on Headwater Exploration and gave the stock a "hold" rating in a report on Friday, July 17th.

Headwater Exploration Stock Performance

Headwater Exploration stock opened at C$14.22 on Friday. The firm has a 50 day simple moving average of C$13.16 and a 200-day simple moving average of C$12.78. The stock has a market cap of C$3.38 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07. Headwater Exploration has a 1-year low of C$6.59 and a 1-year high of C$14.70.

Headwater Exploration (TSE:HWX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported C$0.36 EPS 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, analysts expect that Headwater Exploration will post 0.6296296 EPS for the current year.

Headwater Exploration Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.4%. Headwater Exploration's dividend payout ratio is presently 57.69%.

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.

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