Headwater Exploration (TSE:HWX) Hits New 12-Month High – Time to Buy?

Headwater Exploration Inc. (TSE:HWX) hit a new 52-week high during trading on Thursday . The stock traded as high as C$14.39 and last traded at C$14.34, with a volume of 122514 shares. The stock had previously closed at C$14.14.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Desjardins set a C$14.50 target price on shares of Headwater Exploration and gave the stock a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada lifted their price target on shares of 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$12.36.

Headwater Exploration Trading Up 1.5%

The business’s fifty day moving average is C$12.84 and its 200-day moving average is C$12.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 1.07. The firm has a market cap of C$3.41 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 0.83 and a beta of 0.58.

Headwater Exploration (TSE:HWX) last issued its quarterly 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 net margin of 27.85% and a return on equity of 24.24%. Analysts predict that Headwater Exploration Inc. will post 0.6296296 EPS for the current year.

Headwater Exploration Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.12 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.3%. Headwater Exploration’s payout ratio is 57.69%.

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.