Headwater Exploration Inc. Declares Quarterly Dividend of $0.10 (TSE:HWX)

Headwater Exploration Inc. (TSE:HWX) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.10 per share on Wednesday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Tuesday, December 31st.

Headwater Exploration Trading Down 3.1 %

HWX traded down C$0.22 on Friday, reaching C$6.85. 781,700 shares of the company’s stock were exchanged, compared to its average volume of 759,252. Headwater Exploration has a twelve month low of C$5.88 and a twelve month high of C$8.57. The company’s 50 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 company has a market cap of C$1.63 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.83 and a beta of 1.55.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HWX shares. Desjardins increased their price objective on shares of Headwater Exploration from C$8.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday, July 29th. Raymond James upgraded Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. Finally, National Bankshares reduced their price objective on Headwater Exploration from C$10.50 to C$9.50 in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Headwater Exploration presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.39.

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.