Headwater Exploration Inc. (TSE:HWX) Receives C$9.39 Consensus Target Price from Analysts

Headwater Exploration Inc. (TSE:HWX - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$9.39.

HWX has been the topic of several recent research reports. Desjardins raised their price target on Headwater Exploration from C$8.00 to C$9.25 and gave the stock a "buy" rating in a report on Monday, July 29th. Raymond James upgraded Headwater Exploration to a "hold" rating in a research report on Thursday, October 17th. Finally, National Bankshares decreased their target price on Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th.

Headwater Exploration Price Performance

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 has a twelve month low of C$5.88 and a twelve month high of C$8.57. The stock has a market cap of C$1.64 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The stock has a 50 day moving average price of C$6.64 and a 200-day moving average price of C$7.04.

Headwater Exploration Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of ∞. The ex-dividend date was Friday, September 27th. Headwater Exploration's dividend payout ratio is 51.28%.

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.