Phillip R. Knoll Sells 5,400 Shares of Headwater Exploration Inc. (TSE:HWX) Stock

Headwater Exploration Inc. (TSE:HWX) Director Phillip R. Knoll sold 5,400 shares of Headwater Exploration stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$6.97, for a total value of C$37,638.00.

Headwater Exploration Trading Down 2.6 %

TSE HWX traded down C$0.19 during mid-day trading on Thursday, reaching C$7.01. 743,065 shares of the stock were exchanged, compared to its average volume of 753,842. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07. The stock has a market cap of C$1.67 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.83 and a beta of 1.55. The stock has a 50 day simple moving average of C$6.83 and a 200-day simple moving average of C$6.84. Headwater Exploration Inc. has a one year low of C$5.88 and a one year high of C$8.57.

Headwater Exploration Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Headwater Exploration’s dividend payout ratio is 51.28%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HWX. National Bankshares decreased their target price on shares of Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Raymond James raised shares of Headwater Exploration from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 7th. Finally, Atb Cap Markets upgraded shares of Headwater Exploration to a “strong-buy” rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Headwater Exploration presently has a consensus rating of “Buy” and an average target price of C$9.38.

Headwater Exploration Company Profile

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.