Headwater Exploration (TSE:HWX) Price Target Lowered to C$9.50 at National Bankshares

Headwater Exploration (TSE:HWX) had its price target lowered by National Bankshares from C$10.50 to C$9.50 in a report released on Friday, BayStreet.CA reports.

Separately, Desjardins lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Headwater Exploration has an average rating of Moderate Buy and an average price target of C$9.39.

Headwater Exploration Price Performance

Shares of TSE:HWX opened at C$6.31 on Friday. 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 firm has a market cap of C$1.50 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58. The business has a 50-day simple moving average of C$6.75 and a two-hundred day simple moving average of C$7.25. Headwater Exploration has a fifty-two week low of C$5.88 and a fifty-two week high of C$8.57.

Headwater Exploration (TSE:HWX) last issued its earnings results on Thursday, July 25th. The company reported C$0.22 earnings per share (EPS) for the quarter. The company had revenue of C$164.28 million for the quarter. Headwater Exploration had a net margin of 38.54% and a return on equity of 30.64%. On average, analysts expect that Headwater Exploration will post 0.6166667 earnings per share for the current year.

Headwater Exploration Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 27th. This represents a $0.40 annualized dividend and a yield of 6.34%. Headwater Exploration’s dividend payout ratio (DPR) is presently 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.