Insider Buying: Headwater Exploration (TSE:HWX) Director Acquires 2,000 Shares of Stock

Headwater Exploration Inc. (TSE:HWX) Director Karen Nielsen purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of C$12.90 per share, for a total transaction of C$25,800.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at C$25,800. This represents a ? increase in their position.

Karen Nielsen also recently made the following trade(s):

• On Thursday, May 14th, Karen Nielsen purchased 6,000 shares of Headwater Exploration stock. The shares were acquired at an average price of C$12.90 per share, for a total transaction of C$77,400.00.

Headwater Exploration Stock Up 2.7%

Headwater Exploration stock opened at C$13.30 on Friday. The company has a market capitalization 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. The firm’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 current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 0.27. Headwater Exploration Inc. has a 1-year low of C$6.13 and a 1-year high of C$13.69.

Headwater Exploration (TSE:HWX) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 earnings per share 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%. Sell-side analysts forecast that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HWX shares. National Bank Financial lifted their target price 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. BMO Capital Markets raised their price target on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Desjardins raised their price target on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada raised their price target on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Headwater Exploration presently has an average rating of “Moderate Buy” and a consensus price target of C$11.68.

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.