Headwater Exploration Inc. (TSE:HWX) Receives C$9.46 Consensus PT from Brokerages

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

Several analysts have recently issued reports on the stock. Atb Cap Markets upgraded shares of Headwater Exploration to a “strong-buy” rating in a research report on Tuesday, December 3rd. National Bankshares decreased their price objective on Headwater Exploration from C$10.50 to C$9.50 in a research report on Friday, September 27th. Finally, Raymond James upgraded Headwater Exploration to a “hold” rating in a report on Thursday, October 17th.

Headwater Exploration Stock Down 2.0 %

HWX opened at C$6.82 on Thursday. Headwater Exploration has a 52 week low of C$5.88 and a 52 week high of C$8.57. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of C$6.80 and a two-hundred day simple moving average of C$6.93. The company has a market capitalization of C$1.62 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55.

Headwater Exploration Dividend Announcement

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

About Headwater Exploration

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.