Headwater Exploration Inc. (TSE:HWX) Given Consensus Rating of “Buy” by Analysts

Headwater Exploration Inc. (TSE:HWX) has been given an average rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$9.46.

HWX has been the topic of a number of recent research reports. Atb Cap Markets raised Headwater Exploration to a “strong-buy” rating in a research report on Tuesday, December 3rd. Raymond James raised shares of Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. Finally, National Bankshares reduced their target price on shares of Headwater Exploration from C$10.50 to C$9.50 in a research note on Friday, September 27th.

Headwater Exploration Price Performance

Shares of TSE HWX opened at C$6.82 on Thursday. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of C$6.80 and a two-hundred day simple moving average of C$6.93. Headwater Exploration has a 1-year low of C$5.88 and a 1-year high of C$8.57. The firm has a market cap of C$1.62 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55.

Headwater Exploration Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Tuesday, December 31st. Headwater Exploration’s payout ratio is 51.28%.

Headwater Exploration Company Profile

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.