Headwater Exploration (TSE:HWX) Hits New 1-Year High – Here’s What Happened

Shares of Headwater Exploration Inc. (TSE:HWX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.70 and last traded at C$14.70, with a volume of 539830 shares changing hands. The stock had previously closed at C$13.85.

Wall Street Analyst Weigh In

A number of research firms have commented on HWX. Royal Bank Of Canada boosted 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. 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. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.36.

Headwater Exploration Stock Performance

The company has a current ratio of 1.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is C$13.40 and its two-hundred day moving average price is C$12.87. The firm has a market capitalization of C$3.45 billion, a PE ratio of 18.58, a PEG ratio of 0.83 and a beta of 0.55.

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

Headwater Exploration Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s payout ratio 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.