Headwater Exploration (TSE:HWX – Free Report) had its price objective lowered by National Bankshares from C$10.50 to C$9.50 in a research report sent to investors on Friday, BayStreet.CA reports.
Separately, Desjardins boosted their price objective on shares of Headwater Exploration from C$8.00 to C$9.25 and gave the company a buy rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$9.39.
Read Our Latest Stock Report on Headwater Exploration
Headwater Exploration Stock Performance
Headwater Exploration (TSE:HWX – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.22 earnings per share for the quarter. Headwater Exploration had a return on equity of 30.64% and a net margin of 38.54%. The business had revenue of C$164.28 million during the quarter. Research analysts expect that Headwater Exploration will post 0.6166667 EPS for the current year.
Headwater Exploration Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.34%. The ex-dividend date of this dividend is Friday, September 27th. Headwater Exploration’s dividend payout ratio is currently 51.28%.
About Headwater Exploration
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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