Headwater Exploration (TSE:HWX) PT Set at C$9.00 by CIBC

CIBC set a C$9.00 price objective on Headwater Exploration (TSE:HWX) in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on HWX. Raymond James raised Headwater Exploration from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 7th. Atb Cap Markets raised Headwater Exploration to a “strong-buy” rating in a research note on Tuesday, December 3rd. Finally, National Bankshares cut their price objective on shares of 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$9.54.

Headwater Exploration Trading Up 3.6 %

Headwater Exploration stock opened at C$7.29 on Monday. Headwater Exploration has a 52-week low of C$5.96 and a 52-week high of C$8.57. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.83 and a beta of 1.55. The firm has a 50-day moving average price of C$6.83 and a two-hundred day moving average price of C$6.83.

Headwater Exploration Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 5.49%. Headwater Exploration’s dividend payout ratio (DPR) is 51.28%.

Insider Activity at Headwater Exploration

In other Headwater Exploration news, Director Phillip R. Knoll sold 5,400 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$6.97, for a total value of C$37,638.00. Company insiders own 5.08% of the company’s stock.

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.