Headwater Exploration Inc. (TSE:HWX - Get Free Report) Director Stephen Phillip Larke sold 50,000 shares of Headwater Exploration stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$8.17, for a total transaction of C$408,445.00.
Headwater Exploration Stock Down 2.5 %
Shares of TSE:HWX opened at C$7.93 on Tuesday. The company has a fifty day moving average of C$7.24 and a 200-day moving average of C$6.93. The company has a market capitalization of C$1.88 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.83 and a beta of 1.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.07 and a current ratio of 1.64. Headwater Exploration Inc. has a 52-week low of C$5.76 and a 52-week high of C$8.57.
Headwater Exploration (TSE:HWX - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$138.43 million during the quarter. Headwater Exploration had a net margin of 36.68% and a return on equity of 27.05%. On average, equities analysts predict that Headwater Exploration Inc. will post 0.8199419 EPS for the current fiscal year.
Headwater Exploration Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 5.04%. Headwater Exploration's dividend payout ratio (DPR) is presently 60.61%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on HWX shares. Haywood Securities lifted their price target on shares of Headwater Exploration from C$9.00 to C$10.00 in a research report on Monday, April 8th. Stifel Nicolaus lifted their price objective on shares of Headwater Exploration from C$8.75 to C$10.00 in a research note on Friday, April 5th. Raymond James lowered their price objective on shares of Headwater Exploration from C$10.00 to C$8.00 and set an "outperform" rating for the company in a research report on Friday, January 19th. BMO Capital Markets set a C$9.00 price objective on shares of Headwater Exploration and gave the company an "outperform" rating in a research report on Thursday, March 21st. Finally, Desjardins lowered their price objective on shares of Headwater Exploration from C$10.00 to C$8.75 and set a "buy" rating for the company in a research report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$9.13.
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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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