Headwater Exploration (TSE:HWX) Sets New 12-Month High – Still a Buy?

Headwater Exploration Inc. (TSE:HWX)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$13.99 and last traded at C$13.75, with a volume of 96789 shares trading hands. The stock had previously closed at C$13.67.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HWX shares. Royal Bank Of Canada lifted their target price on shares of 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. Desjardins set a C$14.50 price objective on Headwater Exploration and gave the stock a “hold” rating in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Headwater Exploration currently has a consensus rating of “Moderate Buy” and an average price target of C$12.36.

Headwater Exploration Stock Down 0.4%

The business has a fifty day moving average of C$12.70 and a 200 day moving average of C$12.55. The stock has a market cap of C$3.27 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 0.83 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07.

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

Headwater Exploration Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.5%. Headwater Exploration’s dividend payout ratio (DPR) is currently 57.69%.

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.