Headwater Exploration Inc. (TSE:HWX) Receives Consensus Rating of “Buy” from Brokerages

Shares of Headwater Exploration Inc. (TSE:HWX) have received a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$9.54.

A number of equities research analysts have recently weighed in on the stock. Atb Cap Markets raised shares of Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. CIBC set a C$9.00 price target on Headwater Exploration and gave the company an “outperform” rating in a research note on Monday. National Bankshares cut their price objective on Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Raymond James raised Headwater Exploration from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 7th.

Headwater Exploration Stock Down 1.1 %

TSE:HWX opened at C$7.01 on Friday. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. Headwater Exploration has a twelve month low of C$5.96 and a twelve month high of C$8.57. The company has a market cap of C$1.67 billion, a PE ratio of 8.99, a P/E/G ratio of 0.83 and a beta of 1.55. The company’s 50 day moving average is C$6.86 and its two-hundred day moving average is C$6.83.

Headwater Exploration Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.10 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 5.71%. Headwater Exploration’s dividend payout ratio (DPR) is presently 51.28%.

Insider Transactions at Headwater Exploration

In related news, Director Phillip R. Knoll sold 5,400 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$6.97, for a total transaction of C$37,638.00. Company insiders own 5.08% of the company’s stock.

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.