Headwater Exploration Inc. (HWX) to Issue Quarterly Dividend of $0.12 on July 15th

Headwater Exploration Inc. (TSE:HWX – Get Free Report) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.12 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th.

Headwater Exploration Price Performance

TSE:HWX opened at C$12.08 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.07 and a current ratio of 0.98. The stock’s 50-day simple moving average is C$12.73 and its 200 day simple moving average is C$11.70. The company has a market cap of C$2.87 billion, a P/E ratio of 20.83, a P/E/G ratio of 0.83 and a beta of 0.58. Headwater Exploration has a 52-week low of C$6.58 and a 52-week high of C$13.82.

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Headwater Exploration (TSE:HWX – Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. Headwater Exploration had a return on equity of 18.54% and a net margin of 24.12%.The firm had revenue of C$133.81 million during the quarter. As a group, sell-side analysts forecast that Headwater Exploration will post 0.6296296 EPS for the current fiscal year.

Analyst Ratings Changes

HWX has been the topic of several analyst reports. Desjardins upped their price target on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a research report on Friday, March 6th. Royal Bank Of Canada boosted their price target on Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Monday, March 9th. BMO Capital Markets raised their price objective on Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, National Bank Financial upped their price objective on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.68.

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Headwater Exploration Company Profile

(Get Free Report)

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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