Royal Bank of Canada set a C$10.00 price objective on Headwater Exploration (TSE:HWX – Get Rating) in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other analysts have also issued reports about the company. Haywood Securities decreased their price objective on Headwater Exploration from C$12.00 to C$11.00 and set an outperform rating on the stock in a research note on Wednesday, July 27th. Stifel Nicolaus lowered their target price on Headwater Exploration from C$10.75 to C$10.00 in a research report on Monday. Finally, Raymond James lifted their target price on Headwater Exploration from C$8.50 to C$10.00 and gave the company an outperform rating in a research report on Friday, May 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Headwater Exploration presently has an average rating of Buy and a consensus target price of C$9.68.
Headwater Exploration Trading Up 1.0 %
TSE HWX opened at C$5.78 on Monday. The company has a market cap of C$1.29 billion and a price-to-earnings ratio of 13.76. Headwater Exploration has a 52 week low of C$3.39 and a 52 week high of C$8.18. The business has a 50 day moving average price of C$6.15 and a 200-day moving average price of C$6.64. The company has a quick ratio of 1.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.30.
Headwater Exploration (TSE:HWX – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported C$0.18 earnings per share for the quarter, hitting the consensus estimate of C$0.18. The business had revenue of C$110.02 million during the quarter. As a group, equities analysts expect that Headwater Exploration will post 1.05 earnings per share for the current fiscal year.
Insider Activity at Headwater Exploration
In other Headwater Exploration news, Senior Officer Bradley Christman sold 75,000 shares of the stock in a transaction dated Monday, May 30th. The stock was sold at an average price of C$7.46, for a total transaction of C$559,215.00. Following the sale, the insider now directly owns 902,321 shares of the company’s stock, valued at approximately C$6,727,885.84. In related news, Senior Officer Bradley Christman sold 75,000 shares of the firm’s stock in a transaction dated Monday, May 30th. The shares were sold at an average price of C$7.46, for a total value of C$559,215.00. Following the transaction, the insider now directly owns 902,321 shares of the company’s stock, valued at approximately C$6,727,885.84. Also, Director Phillip R. Knoll sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of C$7.33, for a total transaction of C$439,704.00. Following the completion of the transaction, the director now directly owns 411,313 shares in the company, valued at C$3,014,266.19. Insiders have sold a total of 145,000 shares of company stock valued at $1,067,819 in the last ninety days.
About Headwater Exploration
Headwater Exploration Inc, a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and onshore in New Brunswick. It holds interests in the McCully Field located to the northeast of Sussex, New Brunswick; the Clearwater play located in the Marten Hills, Alberta; and the Frederick Brook shale gas prospect located in New Brunswick.
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