Headwater Exploration Inc. (TSE:HWX - Get Free Report) Director Kevin Olson sold 100,000 shares of Headwater Exploration stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$8.42, for a total value of C$842,050.00.
Headwater Exploration Stock Performance
Shares of HWX opened at C$8.13 on Friday. The company has a current ratio of 1.64, a quick ratio of 2.07 and a debt-to-equity ratio of 0.14. The company has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.83 and a beta of 1.60. The stock has a 50 day moving average of C$7.20 and a 200 day moving average of C$6.93. Headwater Exploration Inc. has a 12 month low of C$5.76 and a 12 month high of C$8.57.
Headwater Exploration (TSE:HWX - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.19 EPS for the quarter, beating analysts' consensus estimates of C$0.18 by C$0.01. The company had revenue of C$138.43 million during the quarter. Headwater Exploration had a return on equity of 27.05% and a net margin of 36.68%. As a group, sell-side analysts forecast that Headwater Exploration Inc. will post 0.8199419 earnings per share for the current year.
Headwater Exploration Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Wednesday, March 27th. Headwater Exploration's payout ratio is 60.61%.
Wall Street Analyst Weigh In
HWX has been the topic of a number of analyst reports. Haywood Securities upped their price target on Headwater Exploration from C$9.00 to C$10.00 in a research report on Monday, April 8th. BMO Capital Markets set a C$9.00 price target on Headwater Exploration and gave the company an "outperform" rating in a research report on Thursday, March 21st. Desjardins reduced their price target on Headwater Exploration from C$10.00 to C$8.75 and set a "buy" rating on the stock in a research report on Tuesday, January 23rd. Raymond James reduced their price target on Headwater Exploration from C$10.00 to C$8.00 and set an "outperform" rating on the stock in a research report on Friday, January 19th. Finally, Stifel Nicolaus upped their target price on Headwater Exploration from C$8.75 to C$10.00 in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Headwater Exploration presently has an average rating of "Moderate Buy" and an average price target of C$9.13.
Read Our Latest Report 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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