Headwater Exploration (TSE:HWX) Hits New 1-Year High – Here’s What Happened

Headwater Exploration Inc. (TSE:HWXGet Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$14.70 and last traded at C$14.70, with a volume of 539830 shares. The stock had previously closed at C$13.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HWX shares. Desjardins set a C$14.50 price target on Headwater Exploration and gave the stock a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada increased their price objective on Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$12.36.

Get Our Latest Report on HWX

Headwater Exploration Trading Up 4.6%

The firm has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.83 and a beta of 0.55. The business’s 50 day moving average price is C$13.40 and its 200-day moving average price is C$12.87. 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:HWXGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%.The firm had revenue of C$227.67 million for the quarter. Equities analysts forecast that Headwater Exploration Inc. will post 0.6296296 EPS for the current fiscal year.

Headwater Exploration Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio (DPR) is currently 57.69%.

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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