Headwater Exploration Inc. (TSE:HWX – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$13.99 and last traded at C$13.75, with a volume of 96789 shares. The stock had previously closed at C$13.67.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on HWX. Royal Bank Of Canada upped their target price on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Desjardins set a C$14.50 price objective on Headwater Exploration and gave the company a “hold” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Headwater Exploration presently has an average rating of “Moderate Buy” and a consensus price target of C$12.36.
Read Our Latest Stock Analysis on Headwater Exploration
Headwater Exploration Stock Up 0.4%
Headwater Exploration (TSE:HWX – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$0.36 EPS for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%.The firm had revenue of C$227.67 million for the quarter. On average, equities analysts anticipate that Headwater Exploration Inc. will post 0.6296296 earnings per share for the current year.
Headwater Exploration Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Headwater Exploration’s dividend payout ratio is currently 57.69%.
About Headwater Exploration
Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.
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