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

Shares of Headwater Exploration Inc. (TSE:HWX) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$13.99 and last traded at C$13.75, with a volume of 96789 shares trading hands. The stock had previously closed at C$13.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HWX shares. Desjardins set a C$14.50 price target on Headwater Exploration and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada increased 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 report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$12.36.

Headwater Exploration Trading Up 0.4%

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 stock has a 50-day moving average price of C$12.68 and a two-hundred day moving average price of C$12.51. The stock has a market cap of C$3.26 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.83 and a beta of 0.58.

Headwater Exploration (TSE:HWX) last posted its earnings results on Thursday, July 23rd. The company reported C$0.36 EPS for the quarter. The company had revenue of C$227.67 million for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%. Sell-side analysts forecast that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current fiscal year.

Headwater Exploration Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued 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 dividend yield of 3.5%. Headwater Exploration’s dividend payout ratio (DPR) is 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.