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

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

Headwater Exploration Price Performance

TSE:HWX opened at C$7.93 on Wednesday. Headwater Exploration Inc. has a 12-month low of C$5.76 and a 12-month high of C$8.57. The firm has a market cap of C$1.88 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 0.83 and a beta of 1.60. The company’s 50-day moving average is C$7.27 and its two-hundred day moving average is C$6.94. The company has a current ratio of 1.64, a quick ratio of 2.07 and a debt-to-equity ratio of 0.14.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The business had revenue of C$138.43 million during the quarter. Headwater Exploration had a net margin of 36.68% and a return on equity of 27.05%. Research analysts expect that Headwater Exploration Inc. will post 0.8199419 EPS for the current year.

Headwater Exploration Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 annualized dividend and a yield of 5.04%. Headwater Exploration’s dividend payout ratio (DPR) is presently 60.61%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Desjardins cut their price target on 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 raised their target price on shares of Headwater Exploration from C$9.00 to C$10.00 in a report on Monday, April 8th. Raymond James reduced their price target on shares of Headwater Exploration from C$10.00 to C$8.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Stifel Nicolaus increased their price target on shares of 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 objective on Headwater Exploration and gave the stock an “outperform” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Headwater Exploration presently has a consensus rating of “Moderate Buy” and a consensus price target 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.