Headwater Exploration Inc. (TSE:HWX - Get Free Report) Director Chandra Henry sold 10,000 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of C$7.70, for a total transaction of C$76,968.00.
Headwater Exploration Stock Performance
Shares of HWX opened at C$7.67 on Friday. The firm has a 50-day moving average price of C$6.81 and a 200 day moving average price of C$6.86. The firm has a market capitalization of C$1.82 billion, a PE ratio of 11.62, a P/E/G ratio of 0.83 and a beta of 1.60. The company has a quick ratio of 2.07, a current ratio of 1.64 and a debt-to-equity ratio of 0.14. Headwater Exploration Inc. has a 52-week low of C$5.76 and a 52-week high of C$7.89.
Headwater Exploration (TSE:HWX - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. Headwater Exploration had a net margin of 36.68% and a return on equity of 27.05%. The firm had revenue of C$138.43 million during the quarter. On average, sell-side analysts anticipate that Headwater Exploration Inc. will post 0.7601586 earnings per share for the current fiscal year.
Headwater Exploration Dividend Announcement
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date is Wednesday, March 27th. Headwater Exploration's dividend payout ratio is presently 60.61%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HWX. Desjardins cut their price target on shares of Headwater Exploration from C$10.00 to C$8.75 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. Raymond James cut their price target on shares of Headwater Exploration from C$10.00 to C$8.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. Stifel Nicolaus boosted their target price on shares of Headwater Exploration from C$8.50 to C$8.75 in a research note on Friday, March 8th. Finally, BMO Capital Markets set a C$9.00 target price on shares of Headwater Exploration and gave the company an "outperform" rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Headwater Exploration presently has an average rating of "Moderate Buy" and an average target price of C$8.70.
Check Out Our Latest Report on Headwater Exploration
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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