Kevin Olson Sells 100,000 Shares of Headwater Exploration (TSE:HWX) Stock

Headwater Exploration Inc. (TSE:HWX – Get Free Report) Director Kevin Olson sold 100,000 shares of Headwater Exploration stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of C$13.32, for a total value of C$1,332,000.00. Following the transaction, the director 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 Trading Up 0.7%

Headwater Exploration stock opened at C$12.98 on Wednesday. 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$3.09 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.83 and a beta of 0.49. The business’s fifty day simple moving average is C$12.58 and its two-hundred day simple moving average is C$10.67. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 0.27.

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Headwater Exploration (TSE:HWX – Get Free Report) 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, equities analysts predict that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current fiscal year.

Analyst Ratings Changes

HWX has been the subject of a number of analyst reports. 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. Royal Bank Of Canada raised 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 research report on Monday, March 9th. BMO Capital Markets boosted their price objective on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Desjardins upped their price objective on 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$11.68.

Check Out Our Latest Stock Analysis 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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