Shares of Headwater Exploration Inc. (TSE:HWX – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$9.39.
HWX has been the topic of a number of recent research reports. National Bankshares dropped their price target on Headwater Exploration from C$10.50 to C$9.50 in a research report on Friday, September 27th. Desjardins upped their price target on Headwater Exploration from C$8.00 to C$9.25 and gave the company a “buy” rating in a research report on Monday, July 29th.
Get Our Latest Report on Headwater Exploration
Headwater Exploration Price Performance
Headwater Exploration (TSE:HWX – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$0.22 earnings per share for the quarter. Headwater Exploration had a return on equity of 30.64% and a net margin of 38.54%. The business had revenue of C$164.28 million for the quarter. Analysts expect that Headwater Exploration will post 0.6296296 EPS for the current year.
Headwater Exploration Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.76%. 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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