Headwater Exploration (TSE:HWX) Price Target Raised to C$10.50 at National Bankshares

Headwater Exploration (TSE:HWX) had its target price lifted by National Bankshares from C$9.50 to C$10.50 in a research report report published on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

HWX has been the subject of a number of other research reports. Desjardins cut 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 note on Tuesday, January 23rd. Haywood Securities upped their price target on shares of Headwater Exploration from C$9.00 to C$10.00 in a research report on Monday, April 8th. 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. Stifel Nicolaus boosted their price objective on Headwater Exploration from C$8.75 to C$10.00 in a research report on Friday, April 5th. Finally, BMO Capital Markets set a C$9.00 price target on shares of Headwater Exploration and gave the company an outperform rating in a report on Thursday, March 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Headwater Exploration has a consensus rating of Moderate Buy and an average target price of C$9.32.

Headwater Exploration Trading Down 0.5 %

TSE:HWX opened at C$7.67 on Friday. Headwater Exploration has a 1 year low of C$5.76 and a 1 year high of C$8.57. The stock’s fifty day moving average price is C$7.39 and its two-hundred day moving average price is C$6.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.64 and a quick ratio of 2.07. The company has a market cap of C$1.82 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.83 and a beta of 1.60.

Headwater Exploration (TSE:HWX) last posted its earnings results on Thursday, March 7th. The company reported C$0.19 earnings per share for the quarter, topping 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 business had revenue of C$138.43 million for the quarter. As a group, analysts expect that Headwater Exploration will post 0.8199419 EPS for the current year.

Headwater Exploration Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.22%. The ex-dividend date was Wednesday, March 27th. Headwater Exploration’s dividend payout ratio (DPR) is presently 60.61%.

Insider Transactions at Headwater Exploration

In other news, Director Phillip R. Knoll sold 20,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$7.51, for a total value of C$150,200.00. In other news, Director Phillip R. Knoll sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$7.51, for a total transaction of C$150,200.00. Also, Director Chandra Henry sold 10,000 shares of the firm’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. Insiders have sold 520,629 shares of company stock worth $4,037,876 in the last 90 days. 4.86% of the stock is currently owned by insiders.

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.