Headwater Exploration Inc. (TSE:HWX) Receives C$9.38 Consensus Target Price from Analysts

Shares of Headwater Exploration Inc. (TSE:HWX) have been given an average rating of “Buy” by the six brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$9.38.

HWX has been the subject of a number of research analyst reports. Raymond James raised shares of Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. National Bankshares reduced their target price on Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Atb Cap Markets upgraded Headwater Exploration to a “strong-buy” rating in a research note on Tuesday, December 3rd.

Headwater Exploration Stock Up 0.2 %

Headwater Exploration stock opened at C$6.61 on Monday. Headwater Exploration has a 1-year low of C$5.88 and a 1-year high of C$8.57. The business has a fifty day moving average price of C$6.76 and a 200-day moving average price of C$6.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07. The stock has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.83 and a beta of 1.55.

Headwater Exploration Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.05%. 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.