Headwater Exploration Inc. (TSE:HWX) Receives C$11.68 Average Target Price from Analysts

Shares of Headwater Exploration Inc. (TSE:HWX) have earned a consensus 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 rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$11.68.

Several research analysts recently weighed in on HWX shares. Royal Bank Of Canada boosted their price objective on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Monday, March 9th. Desjardins boosted their price objective on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a research report on Friday, March 6th. BMO Capital Markets lifted their target price on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, National Bank Financial lifted their target price on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 6th.

Insiders Place Their Bets

In other Headwater Exploration news, Director Kevin Olson sold 100,000 shares of Headwater Exploration stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of C$13.32, for a total transaction of C$1,332,000.00. Following the completion of the sale, the director owned 2,820,179 shares of the company’s stock, valued at approximately C$37,564,784.28. The trade was a 3.42% decrease in their position. Also, Director Karen Nielsen bought 2,000 shares of the stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of C$12.90 per share, with a total value of C$25,800.00. Following 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 Stock Performance

HWX stock opened at C$12.47 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 2.07. The company has a 50 day moving average price of C$12.67 and a 200 day moving average price of C$11.07. Headwater Exploration has a fifty-two week low of C$6.18 and a fifty-two week high of C$13.82. The stock has a market capitalization of C$2.96 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 0.83 and a beta of 0.49.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. The firm had revenue of C$133.81 million during the quarter. Analysts forecast that Headwater Exploration will post 0.6296296 EPS for the current 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.