Headwater Exploration (TSE:HWX) Price Target Lowered to C$9.00 at National Bankshares

Headwater Exploration (TSE:HWX) had its price objective trimmed by National Bankshares from C$9.50 to C$9.00 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also commented on HWX. Raymond James raised shares of Headwater Exploration to a “hold” rating in a research note on Thursday, October 17th. Atb Cap Markets upgraded Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$9.38.

Headwater Exploration Price Performance

Shares of Headwater Exploration stock opened at C$6.20 on Thursday. Headwater Exploration has a 52 week low of C$5.88 and a 52 week high of C$8.57. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of C$1.47 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The company’s 50-day moving average price is C$6.79 and its two-hundred day moving average price is C$6.87.

Headwater Exploration Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Tuesday, December 31st. Headwater Exploration’s dividend payout ratio is currently 51.28%.

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.