Brokerages Set Headwater Exploration Inc. (TSE:HWX) PT at C$9.54

Shares of Headwater Exploration Inc. (TSE:HWX) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$9.54.

Separately, Desjardins boosted their target price on Headwater Exploration from C$8.00 to C$9.25 and gave the company a “buy” rating in a research note on Monday, July 29th.

Headwater Exploration Stock Down 0.9 %

Headwater Exploration stock opened at C$6.55 on Monday. Headwater Exploration has a fifty-two week low of C$5.88 and a fifty-two week high of C$8.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07. The firm has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.83 and a beta of 1.58. The company’s 50 day simple moving average is C$6.85 and its 200 day simple moving average is C$7.27.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.22 earnings per share 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 for the quarter. As a group, sell-side analysts anticipate that Headwater Exploration will post 0.5944444 EPS for the current year.

Headwater Exploration Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Friday, September 27th. Headwater Exploration’s dividend payout ratio is 51.28%.

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.