Headwater Exploration (TSE:HWX) Hits New 52-Week High – Time to Buy?

Shares of Headwater Exploration Inc. (TSE:HWX) reached a new 52-week high during trading on Thursday . The company traded as high as C$14.39 and last traded at C$14.34, with a volume of 122514 shares traded. The stock had previously closed at C$14.14.

Wall Street Analysts Forecast Growth

HWX has been the subject of several recent analyst reports. Desjardins set a C$14.50 price objective on shares of Headwater Exploration and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada increased their price target on Headwater Exploration from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.36.

Headwater Exploration Trading Down 2.1%

The firm has a market capitalization of C$3.40 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.83 and a beta of 0.58. The firm’s 50 day moving average is C$12.94 and its 200 day moving average is C$12.69. The company has a quick ratio of 2.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.22.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. The company had revenue of C$227.67 million for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%. Equities analysts forecast that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current year.

Headwater Exploration Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is currently 57.69%.

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.