Headwater Exploration Inc. (TSE:HWX) Given Average Recommendation of “Moderate Buy” by Analysts

Headwater Exploration Inc. (TSE:HWX) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$9.54.

Separately, Desjardins lifted their target price on Headwater Exploration from C$8.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday, July 29th.

Headwater Exploration Stock Up 1.1 %

Shares of TSE HWX opened at C$6.42 on Monday. Headwater Exploration has a 1 year low of C$5.88 and a 1 year high of C$8.57. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.83 and a beta of 1.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 1.53. The stock’s 50-day simple moving average is C$6.92 and its 200-day simple moving average is C$7.28.

Headwater Exploration (TSE:HWX) last announced its earnings results on Thursday, July 25th. The company reported C$0.22 earnings per share (EPS) 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. As a group, equities analysts anticipate that Headwater Exploration will post 0.5944444 earnings per share for the current fiscal year.

Headwater Exploration Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.23%. The ex-dividend date is Friday, September 27th. Headwater Exploration’s dividend payout ratio is currently 51.28%.

Insider Activity at Headwater Exploration

In other news, Director Chandra Henry sold 19,300 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$7.05, for a total transaction of C$136,070.79. 5.08% of the stock is owned by corporate insiders.

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.