Atb Cap Markets Brokers Raise Earnings Estimates for TSE:HWX

Headwater Exploration Inc. (TSE:HWX - Free Report) - Atb Cap Markets upped their FY2025 earnings estimates for Headwater Exploration in a note issued to investors on Thursday, December 5th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.74 per share for the year, up from their prior forecast of $0.73. 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.

Several other analysts have also commented on HWX. Raymond James raised Headwater Exploration to a "hold" rating in a research note on Thursday, October 17th. National Bankshares lowered their target price on shares of Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$9.46.

Headwater Exploration Price Performance

TSE HWX traded down C$0.03 during trading on Monday, reaching C$6.79. 457,446 shares of the company traded hands, compared to its average volume of 741,940. Headwater Exploration has a 1-year low of C$5.88 and a 1-year high of C$8.57. The company has a market cap of C$1.61 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.83 and a beta of 1.55. The stock's 50 day moving average price is C$6.80 and its two-hundred day moving average price is C$6.93. 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 Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.89%. Headwater Exploration's dividend payout ratio (DPR) is presently 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.