Headwater Exploration (TSE:HWX) Director Sells C$1,332,000.00 in Stock

Headwater Exploration Inc. (TSE:HWX) Director Kevin Olson sold 100,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$13.32, for a total value of C$1,332,000.00. Following the completion of the transaction, the director directly owned 2,820,179 shares of the company’s stock, valued at approximately C$37,564,784.28. This trade represents a 3.42% decrease in their position.

Headwater Exploration Price Performance

HWX traded up C$0.33 on Monday, hitting C$12.87. 660,882 shares of the stock were exchanged, compared to its average volume of 959,697. The firm has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 0.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 2.07. Headwater Exploration Inc. has a 12 month low of C$6.13 and a 12 month high of C$13.69. The business has a 50-day moving average of C$12.55 and a two-hundred day moving average of C$10.55.

Headwater Exploration (TSE:HWX) last issued its earnings results on Thursday, March 5th. The company reported C$0.12 EPS for the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. The company had revenue of C$133.81 million during the quarter. 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 research firms have recently commented on HWX. Royal Bank Of Canada increased their target price 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. 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 research report on Friday, March 6th. BMO Capital Markets raised their target price on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Desjardins increased their price objective on Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.