Headwater Exploration Inc. (TSE:HWX – Get Free Report) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$9.46.
Several analysts have recently commented on the company. Raymond James raised Headwater Exploration to a “hold” rating in a research report on Thursday, October 17th. National Bankshares decreased their target price on Headwater Exploration from C$10.50 to C$9.50 in a research report on Friday, September 27th. Finally, Desjardins raised their target price on Headwater Exploration from C$8.00 to C$9.25 and gave the stock a “buy” rating in a research report on Monday, July 29th.
Read Our Latest Research Report on HWX
Headwater Exploration Stock Performance
Headwater Exploration Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 5.96%. Headwater Exploration’s dividend payout ratio is 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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