Insider Selling: Headwater Exploration Inc. (TSE:HWX) Director Sells 5,400 Shares of Stock

Headwater Exploration Inc. (TSE:HWX) Director Phillip R. Knoll sold 5,400 shares of the business’s 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 Price Performance

Shares of TSE HWX opened at C$7.04 on Friday. Headwater Exploration Inc. has a 52 week low of C$5.88 and a 52 week high of C$8.57. The business’s 50 day moving average price is C$6.83 and its 200 day moving average price is C$6.84. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.13. The firm has a market cap of C$1.67 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.83 and a beta of 1.55.

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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend was Tuesday, December 31st. Headwater Exploration’s dividend payout ratio (DPR) is currently 51.28%.

Analyst Upgrades and Downgrades

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