Headwater Exploration Inc. (TSE:HWX) Receives Consensus Rating of “Moderate Buy” from Analysts

Headwater Exploration Inc. (TSE:HWX) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$12.36.

A number of equities analysts recently commented on HWX shares. Desjardins set a C$14.50 target price on Headwater Exploration and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their price target on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th.

Headwater Exploration Stock Down 0.4%

TSE:HWX opened at C$14.22 on Friday. Headwater Exploration has a 52 week low of C$6.59 and a 52 week high of C$14.70. The stock’s fifty day moving average is C$13.16 and its two-hundred day moving average is C$12.78. The stock has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.83 and a beta of 0.55. The company has a quick ratio of 2.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.22.

Headwater Exploration (TSE:HWX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$227.67 million during the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%. Research analysts anticipate that Headwater Exploration will post 0.6296296 EPS for the current year.

Headwater Exploration Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio (DPR) is currently 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.