Headwater Exploration Inc. (TSE:HWX - Free Report) - Research analysts at Atb Cap Markets issued their FY2024 earnings per share estimates for shares of Headwater Exploration in a research note issued on Tuesday, December 3rd. Atb Cap Markets analyst A. Arif forecasts that the company will post earnings of $0.79 per share for the year. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for Headwater Exploration's current full-year earnings is $0.63 per share. Atb Cap Markets also issued estimates for Headwater Exploration's Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.73 EPS, FY2026 earnings at $0.53 EPS and FY2027 earnings at $0.42 EPS.
A number of other research firms have also weighed in on HWX. Raymond James raised shares of Headwater Exploration to a "hold" rating in a report on Thursday, October 17th. National Bankshares lowered their target price on Headwater Exploration from C$10.50 to C$9.50 in a research note on Friday, September 27th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$9.46.
Read Our Latest Stock Report on Headwater Exploration
Headwater Exploration Stock Down 2.0 %
Shares of HWX traded down C$0.14 during mid-day trading on Friday, reaching C$6.82. 683,300 shares of the stock traded hands, compared to its average volume of 743,186. The stock has a fifty day simple moving average of C$6.79 and a 200 day simple moving average of C$6.93. Headwater Exploration has a 12-month low of C$5.88 and a 12-month 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 cap of C$1.62 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.83 and a beta of 1.55.
Headwater Exploration Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 5.87%. Headwater Exploration's dividend payout ratio (DPR) is 51.28%.
About Headwater Exploration
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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.
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