Headwater Exploration Inc. (TSE:HWX) Director Sells C$37,638.00 in Stock

Headwater Exploration Inc. (TSE:HWX) Director Phillip R. Knoll sold 5,400 shares of the firm’s stock in a transaction 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.

Headwater Exploration Stock Performance

Shares of TSE HWX traded down C$0.19 during midday trading on Thursday, hitting C$7.01. 743,065 shares of the company’s stock were exchanged, compared to its average volume of 753,842. Headwater Exploration Inc. has a 12 month low of C$5.88 and a 12 month high of C$8.57. The company’s 50 day moving average price is C$6.83 and its 200 day moving average price is C$6.84. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of C$1.67 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55.

Headwater Exploration Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Tuesday, December 31st. Headwater Exploration’s payout ratio is presently 51.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HWX shares. Atb Cap Markets upgraded Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. Raymond James upgraded Headwater Exploration from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 7th. Finally, National Bankshares lowered their target price on shares of Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$9.38.

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.