Headwater Exploration Inc. (TSE:HWX) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Headwater Exploration has a “Moderate Buy” consensus rating from six analysts, split between three buy ratings and three holds. The average 12-month price target is C$12.36.
• Director Karen Nielsen purchased 2,000 shares for approximately C$25,800, while insiders collectively own 5.08% of the company.
• The company reported C$0.36 in quarterly EPS on C$227.67 million in revenue and pays a quarterly dividend of C$0.12, equivalent to a 3.6% annualized yield.

Shares of Headwater Exploration Inc. (TSE:HWX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$12.36.

A number of research analysts have recently weighed in 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 company a "sector perform" rating in a report 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.

Insider Activity

In other news, Director Karen Nielsen bought 2,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of C$12.90 per share, for a total transaction of C$25,800.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at approximately C$25,800. This trade represents a ∞ increase in their position. 5.08% of the stock is currently owned by insiders.

Headwater Exploration Trading Up 3.4%

TSE:HWX opened at C$13.25 on Tuesday. 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 50-day moving average of C$12.66 and a 200-day moving average of C$12.43. The company has a market cap of C$3.15 billion, a PE ratio of 16.99, a PEG ratio of 0.83 and a beta of 0.58. Headwater Exploration has a one year low of C$6.58 and a one year high of C$13.82.

Headwater Exploration (TSE:HWX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$227.67 million for the quarter. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. As a group, equities research analysts expect that Headwater Exploration will post 0.6296296 EPS for the current fiscal year.

Headwater Exploration Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.12 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. Headwater Exploration's dividend 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.

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