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

by · The Markets Daily

Headwater Exploration Inc. (TSE:HWX – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as C$15.24 and last traded at C$15.23, with a volume of 251,363 shares trading hands. The stock had previously closed at C$15.17.

Wall Street Analyst Weigh In

HWX has been the topic of a number of recent research reports. Desjardins set a C$14.50 price target on shares of Headwater Exploration and gave the stock a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$12.75.

Read Our Latest Research Report on Headwater Exploration

Headwater Exploration Price Performance

The firm has a market capitalization of C$3.61 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.65. The business has a 50-day moving average of C$14.02 and a 200 day moving average of C$13.15. The company has a current ratio of 1.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22.

Headwater Exploration (TSE:HWX – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$227.67 million during the quarter. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. On average, sell-side analysts predict that Headwater Exploration Inc. will post 0.63 earnings per share for the current fiscal year.

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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