Headwater Exploration Inc. (HWX) to Issue Quarterly Dividend of $0.10 on January 15th

Headwater Exploration Inc. (TSE:HWX) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.10 per share on Wednesday, January 15th. This represents a $0.40 annualized dividend and a yield of 6.15%. The ex-dividend date is Tuesday, December 31st.

Headwater Exploration Trading Down 0.8 %

TSE:HWX opened at C$6.50 on Friday. The company has a 50-day moving average price of C$6.77 and a 200-day moving average price of C$6.85. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 0.83 and a beta of 1.55. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. Headwater Exploration has a 12 month low of C$5.88 and a 12 month high of C$8.57.

Analyst Ratings Changes

Several analysts have weighed in on the company. Atb Cap Markets raised Headwater Exploration to a “strong-buy” rating in a research report on Tuesday, December 3rd. Raymond James upgraded Headwater Exploration to a “hold” rating in a research report on Thursday, October 17th. Finally, National Bankshares reduced their price target on Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. One research 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’s stock. According to data from MarketBeat.com, Headwater Exploration presently has an average rating of “Buy” and an average target price of C$9.38.

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.