Raymond James upgraded shares of Headwater Exploration (TSE:HWX – Free Report) to a hold rating in a research report report published on Thursday morning, Zacks.com reports.
Other equities analysts have also recently issued research reports about the company. National Bankshares reduced their target price on Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th. Desjardins increased their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$9.39.
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Headwater Exploration Trading Up 0.3 %
Headwater Exploration (TSE:HWX – Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported C$0.22 EPS for the quarter. Headwater Exploration had a net margin of 38.54% and a return on equity of 30.64%. The company had revenue of C$164.28 million during the quarter. On average, sell-side analysts anticipate that Headwater Exploration will post 0.6296296 earnings per share for the current year.
Headwater Exploration Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Friday, September 27th. Headwater Exploration’s dividend payout ratio 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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