Headwater Exploration Inc. (TSE:HWX) Director Sells C$408,445.00 in Stock

Headwater Exploration Inc. (TSE:HWX - Get Free Report) Director Stephen Phillip Larke sold 50,000 shares of Headwater Exploration stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$8.17, for a total value of C$408,445.00.

Headwater Exploration Price Performance

HWX traded down C$0.20 on Monday, hitting C$7.93. 668,317 shares of the company were exchanged, compared to its average volume of 757,621. The business's fifty day moving average is C$7.20 and its 200 day moving average is C$6.93. Headwater Exploration Inc. has a fifty-two week low of C$5.76 and a fifty-two week high of C$8.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.07 and a current ratio of 1.64. The firm has a market capitalization of C$1.88 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.60.

Headwater Exploration (TSE:HWX - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$138.43 million for the quarter. Headwater Exploration had a net margin of 36.68% and a return on equity of 27.05%. As a group, sell-side analysts anticipate that Headwater Exploration Inc. will post 0.8199419 EPS for the current year.

Headwater Exploration Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 5.04%. Headwater Exploration's dividend payout ratio (DPR) is currently 60.61%.

Analysts Set New Price Targets

HWX has been the topic of several recent research reports. Stifel Nicolaus upped their price target on Headwater Exploration from C$8.75 to C$10.00 in a report on Friday, April 5th. Haywood Securities raised their target price on shares of Headwater Exploration from C$9.00 to C$10.00 in a report on Monday, April 8th. BMO Capital Markets set a C$9.00 price objective on shares of Headwater Exploration and gave the company an "outperform" rating in a research report on Thursday, March 21st. Raymond James lowered their target price on shares of Headwater Exploration from C$10.00 to C$8.00 and set an "outperform" rating for the company in a research note on Friday, January 19th. Finally, Desjardins reduced 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 report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Headwater Exploration currently has an average rating of "Moderate Buy" and an average target price of C$9.13.

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.