Key Points
- Director Kevin Olson sold 100,000 shares of Headwater Exploration on May 5 at an average price of C$13.32, totaling C$1.332 million. After the transaction, he still held 2,820,179 shares, a 3.42% reduction in his position.
- Headwater Exploration shares were trading near their 52-week high, opening at C$12.89 versus a 52-week range of C$6.13 to C$13.69. The company has a market cap of about C$3.06 billion and relatively low leverage.
- Analysts remain mixed on the stock: several have raised price targets, and the overall consensus rating is Moderate Buy. The company recently reported quarterly EPS of C$0.12 on revenue of C$133.81 million.
Headwater Exploration Inc. (TSE:HWX - Get Free Report) Director Kevin Olson sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$13.32, for a total transaction of C$1,332,000.00. Following the completion of the sale, the director directly owned 2,820,179 shares of the company's stock, valued at C$37,564,784.28. The trade was a 3.42% decrease in their position.
Headwater Exploration Price Performance
Shares of HWX opened at C$12.89 on Tuesday. The company has a 50 day moving average price of C$12.57 and a 200-day moving average price of C$10.63. Headwater Exploration Inc. has a fifty-two week low of C$6.13 and a fifty-two week high of C$13.69. The stock has a market capitalization of C$3.06 billion, a PE ratio of 22.22, a PEG ratio of 0.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.07 and a current ratio of 0.98.
Headwater Exploration (TSE:HWX - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. The firm had revenue of C$133.81 million during the quarter. Equities analysts predict that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. National Bank Financial upped their price target 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 increased 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. Royal Bank Of Canada increased their target price on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the company a "sector perform" rating in a research report on Monday, March 9th. Finally, Desjardins increased their target price 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$11.68.
View Our Latest Research Report on Headwater Exploration
About Headwater Exploration
(
Get Free Report)
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.
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