CIBC set a C$9.00 price target on Headwater Exploration (TSE:HWX – Free Report) in a research report sent to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other brokerages have also recently weighed in on HWX. National Bankshares dropped their price objective on Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Raymond James raised Headwater Exploration from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 7th. Finally, Atb Cap Markets raised Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$9.54.
Headwater Exploration Stock Performance
Headwater Exploration Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 5.64%. Headwater Exploration’s payout ratio is 51.28%.
Insider Buying and Selling
In related news, Director Phillip R. Knoll sold 5,400 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$6.97, for a total transaction of C$37,638.00. 5.08% of the stock is owned by company insiders.
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.
Further Reading
- Five stocks we like better than Headwater Exploration
- Investing in the High PE Growth Stocks
- Oracle Announces Game-Changing News for the AI Industry
- What is a Bond Market Holiday? How to Invest and Trade
- Netflix Adds 19 Million Subscribers, Growth Is Far From Over
- Breakout Stocks: What They Are and How to Identify Them
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Receive News & Ratings for Headwater Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Headwater Exploration and related companies with MarketBeat.com's FREE daily email newsletter.