Shares of Headwater Exploration Inc. (TSE:HWX – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$9.39.
HWX has been the subject of several analyst reports. Raymond James upgraded shares of Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. National Bankshares dropped their target price on shares of Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th. Finally, Desjardins increased their price target on Headwater Exploration from C$8.00 to C$9.25 and gave the stock a “buy” rating in a report on Monday, July 29th.
View Our Latest Analysis on Headwater Exploration
Headwater Exploration Price Performance
Headwater Exploration Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.66%. The ex-dividend date was Friday, September 27th. Headwater Exploration’s dividend payout ratio (DPR) is currently 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.
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