Key Points
- Headwater Exploration director Karen Nielsen bought 6,000 shares on May 14 at C$12.90 each, spending C$77,400 and increasing her direct stake to 6,000 shares.
- The stock rose 2.7% and opened at C$13.30, near its 52-week high of C$13.69, with a market cap of C$3.16 billion.
- Analysts remain cautiously bullish, with three Buy and three Hold ratings and an average target price of C$11.68; several firms recently raised their price targets to as high as C$13.50.
Headwater Exploration Inc. (TSE:HWX - Get Free Report) Director Karen Nielsen acquired 6,000 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of C$12.90 per share, with a total value of C$77,400.00. Following the transaction, 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%
Shares of HWX opened at C$13.30 on Friday. The company has a 50-day simple moving average of C$12.61 and a 200-day simple moving average of C$10.77. The firm 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 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 Inc. has a 52 week low of C$6.13 and a 52 week high of C$13.69.
Headwater Exploration (TSE:HWX - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.12 EPS for the quarter. The business had revenue of C$133.81 million during the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. On average, equities research analysts expect that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on HWX. Desjardins upped their price objective 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. National Bank Financial upped their target price on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the company an "outperform" rating in a research note on Friday, March 6th. Royal Bank Of Canada upped 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 note on Monday, March 9th. Finally, BMO Capital Markets upped 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 note 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, Headwater Exploration presently has an average rating of "Moderate Buy" and an average target price of C$11.68.
Read Our Latest Report on Headwater Exploration
Headwater Exploration Company Profile
(
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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