Headwater Exploration Inc. (TSE:HWX – Get Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$13.82 and last traded at C$13.70, with a volume of 166319 shares trading hands. The stock had previously closed at C$13.60.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on HWX. BMO Capital Markets raised their price objective on Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Royal Bank Of Canada raised their price objective on Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. Desjardins raised their price objective on Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a report on Friday, March 6th. Finally, National Bank Financial raised their price objective on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Headwater Exploration has an average rating of “Moderate Buy” and an average price target of C$11.68.
Check Out Our Latest Research Report on HWX
Headwater Exploration Stock Performance
Headwater Exploration (TSE:HWX – Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 earnings per share (EPS) for the quarter. Headwater Exploration had a return on equity of 18.54% and a net margin of 24.12%.The firm had revenue of C$133.81 million for the quarter. On average, equities analysts forecast that Headwater Exploration Inc. will post 0.6296296 EPS for the current year.
Insider Buying and Selling
In other news, Director Kevin Olson sold 100,000 shares of Headwater Exploration stock in a transaction that occurred on Tuesday, May 5th. The shares were 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 in the company, valued at approximately C$37,564,784.28. This trade represents a 3.42% decrease in their position. Also, Director Karen Nielsen purchased 2,000 shares of Headwater Exploration stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of C$12.90 per share, with a total value of C$25,800.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately C$25,800. This trade represents a ∞ increase in their position. 5.08% of the stock is currently owned by insiders.
Headwater Exploration Company Profile
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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