Headwater Exploration (TSE:HWX) Director Karen Nielsen Buys 6,000 Shares

Headwater Exploration Inc. (TSE:HWX) Director Karen Nielsen bought 6,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of C$12.90 per share, for a total transaction of C$77,400.00. Following the purchase, the director directly owned 6,000 shares in the company, valued at approximately C$77,400. This represents a ∞ increase in their position.

Headwater Exploration Trading Up 2.7%

Shares of TSE HWX traded up C$0.35 during midday trading on Friday, hitting C$13.30. 674,264 shares of the company traded hands, compared to its average volume of 946,725. Headwater Exploration Inc. has a 12-month low of C$6.13 and a 12-month high of C$13.69. The firm has a market cap of C$3.16 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.83 and a beta of 0.49. The stock has a 50-day moving average price of C$12.61 and a 200 day moving average price of C$10.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.07 and a current ratio of 0.98.

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

Wall Street Analysts Forecast Growth

HWX has been the topic of several research reports. Desjardins lifted their price target on Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a research report on Friday, March 6th. National Bank Financial raised their price objective on Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada boosted their target price on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a report on Monday, March 9th. Finally, BMO Capital Markets upped 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 research report on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$11.68.

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.