Headwater Exploration (TSE:HWX) Announces Earnings Results

Headwater Exploration (TSE:HWX) released its earnings results on Thursday. The company reported C$0.36 EPS for the quarter, FiscalAI reports. The company had revenue of C$227.67 million for the quarter. Headwater Exploration had a return on equity of 18.54% and a net margin of 24.12%.

Headwater Exploration Trading Up 1.3%

TSE:HWX opened at C$13.47 on Friday. The stock has a market cap of C$3.20 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 0.83 and a beta of 0.61. 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 has a 1 year low of C$6.58 and a 1 year high of C$13.82. The business has a fifty day moving average of C$12.60 and a 200-day moving average of C$12.15.

Headwater Exploration Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. Headwater Exploration’s dividend payout ratio is presently 75.86%.

Analysts Set New Price Targets

Separately, Desjardins set a C$14.50 price target on Headwater Exploration and gave the company a “hold” rating in a research report on Friday, July 17th. Three research 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$12.07.

Insider Transactions at Headwater Exploration

In related news, Director Kevin Olson sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 2,820,179 shares in the company, valued at C$37,564,784.28. This represents a 3.42% decrease in their position. Also, Director Karen Nielsen bought 2,000 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of C$12.90 per share, for a total transaction of C$25,800.00. Following the purchase, the director owned 2,000 shares in the company, valued at C$25,800. This trade represents a ? increase in their position. 5.08% of the stock is owned by insiders.

About Headwater Exploration

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.