Headwater Exploration Inc reports results for the quarter ended December 31 - Earnings Summary

• Headwater Exploration Inc HWX.TO reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of two analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 20 cents to 35 cents per share.

• Revenue was C$135.47 million​; analysts expected C$151.80 million.

• Headwater Exploration Inc's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of C$48.91 million.

• Headwater Exploration Inc shares had fallen by 9.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Headwater Exploration Inc is C$9.00

This summary was machine generated from LSEG data March 14 at 04:49 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)