Insider Selling: Headwater Exploration Inc. (TSE:HWX) Director Sells C$37,638.00 in Stock

Headwater Exploration Inc. (TSE:HWX) Director Phillip R. Knoll sold 5,400 shares of Headwater Exploration stock in a transaction that occurred 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.

Headwater Exploration Stock Up 0.4 %

Shares of TSE:HWX opened at C$7.04 on Friday. The stock has a fifty day simple moving average of C$6.83 and a two-hundred day simple moving average of C$6.84. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.83 and a beta of 1.55. Headwater Exploration Inc. has a 12-month low of C$5.88 and a 12-month high of C$8.57. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.68%. The ex-dividend date was Tuesday, December 31st. Headwater Exploration’s dividend payout ratio is currently 51.28%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James upgraded Headwater Exploration from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 7th. Atb Cap Markets upgraded Headwater Exploration to a “strong-buy” rating in a research report on Tuesday, December 3rd. Finally, National Bankshares dropped 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 report on Thursday, December 19th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.