CIBC set a C$9.00 target price on Headwater Exploration (TSE:HWX - Free Report) in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other brokerages have also commented on HWX. Atb Cap Markets raised shares of Headwater Exploration to a "strong-buy" rating in a research report on Tuesday, December 3rd. National Bankshares decreased their price target on shares of Headwater Exploration from C$9.50 to C$9.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Finally, Raymond James upgraded shares of Headwater Exploration from a "market perform" rating to an "outperform" rating in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Headwater Exploration has a consensus rating of "Buy" and an average price target of C$9.54.
Read Our Latest Report on Headwater Exploration
Headwater Exploration Stock Up 3.6 %
TSE:HWX traded up C$0.25 during mid-day trading on Monday, hitting C$7.29. 284,641 shares of the company's stock traded hands, compared to its average volume of 695,388. The company has a fifty day moving average of C$6.83 and a 200 day moving average of C$6.83. 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 has a twelve month low of C$5.96 and a twelve month high of C$8.57. The company has a market capitalization of C$1.73 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.83 and a beta of 1.55.
Headwater Exploration Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Tuesday, December 31st. Headwater Exploration's dividend payout ratio (DPR) is currently 51.28%.
Insider Buying and Selling
In other Headwater Exploration news, Director Phillip R. Knoll sold 5,400 shares of the business's 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. 5.08% of the stock is currently owned by corporate insiders.
About Headwater Exploration
(
Get Free Report)
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.
See Also
Before you consider Headwater Exploration, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Headwater Exploration wasn't on the list.
While Headwater Exploration currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
