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

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

Headwater Exploration Trading Up 2.7%

Headwater Exploration stock opened at C$13.30 on Friday. The company’s fifty day simple moving average is C$12.61 and its 200-day simple moving average is C$10.77. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 0.27. Headwater Exploration Inc. has a 12 month low of C$6.13 and a 12 month high of C$13.69. The stock 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.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HWX. National Bank Financial upped their price objective on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Royal Bank Of Canada upped their price objective on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. BMO Capital Markets upped their price objective on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Desjardins upped their price objective on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a report on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Headwater Exploration presently has an average rating of “Moderate Buy” and an average target price of C$11.68.

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.