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

Shares of Headwater Exploration Inc. (TSE:HWX) have received an average recommendation of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$9.46.

Several analysts have commented on the stock. Atb Cap Markets upgraded shares of Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. National Bankshares cut their price target on shares of Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th. Finally, Raymond James upgraded Headwater Exploration to a “hold” rating in a research note on Thursday, October 17th.

Headwater Exploration Trading Up 2.0 %

HWX stock opened at C$6.79 on Thursday. Headwater Exploration has a one year low of C$5.88 and a one year high of C$8.57. The company has a market capitalization of C$1.61 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The company’s 50 day moving average price is C$6.81 and its two-hundred day moving average price is C$6.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 1.53.

Headwater Exploration Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Tuesday, December 31st. 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.