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

Headwater Exploration Inc. (TSE:HWX) Director Karen Nielsen acquired 6,000 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average price of C$12.90 per share, with a total value of C$77,400.00. Following the purchase, the director directly owned 6,000 shares of the company’s stock, valued at C$77,400. The trade was a ? increase in their position.

Headwater Exploration Stock Up 2.7%

Headwater Exploration stock traded up C$0.35 during mid-day trading on Friday, hitting C$13.30. The company had a trading volume of 674,264 shares, compared to its average volume of 946,725. Headwater Exploration Inc. has a 12 month low of C$6.13 and a 12 month high of C$13.69. The company has a market capitalization of C$3.16 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 0.83 and a beta of 0.49. The stock’s 50 day moving average price is C$12.61 and its two-hundred day moving average price is C$10.77. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 0.27.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HWX. BMO Capital Markets raised their price objective on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a research note on Friday, March 6th. Royal Bank Of Canada increased their price target on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a report on Monday, March 9th. Desjardins raised their price target on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a research report on Friday, March 6th. Finally, National Bank Financial boosted 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock 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.