Headwater Exploration Inc. (TSE:HWX - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.10 per share on Wednesday, January 15th. This represents a $0.40 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Tuesday, December 31st.
Headwater Exploration Price Performance
Shares of TSE:HWX traded down C$0.22 during trading on Friday, reaching C$6.85. The company had a trading volume of 781,700 shares, compared to its average volume of 759,252. The firm's fifty day moving average is C$6.64 and its 200 day moving average is C$7.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 1.53. The firm has a market capitalization of C$1.63 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. Headwater Exploration has a twelve month low of C$5.88 and a twelve month high of C$8.57.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Raymond James raised Headwater Exploration to a "hold" rating in a research note on Thursday, October 17th. Desjardins raised 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. Finally, National Bankshares lowered their target price on Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Headwater Exploration currently has a consensus rating of "Moderate Buy" and an average target price of C$9.39.
View Our Latest Analysis on HWX
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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