Headwater Exploration Inc. (TSE:HWX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Headwater Exploration Inc. (TSE:HWX) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$12.36.

HWX has been the topic of a number of recent analyst reports. Desjardins set a C$14.50 price objective on Headwater Exploration and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada increased their target price on Headwater Exploration from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th.

Headwater Exploration Price Performance

TSE HWX opened at C$13.51 on Friday. Headwater Exploration has a 1 year low of C$6.80 and a 1 year high of C$14.70. The company has a fifty day simple moving average of C$13.35 and a 200 day simple moving average of C$12.85. 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 company has a market cap of C$3.21 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.83 and a beta of 0.55.

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

Headwater Exploration Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is currently 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.