Headwater Exploration Inc. (TSE:HWX) Announces Quarterly Dividend of $0.12

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

Headwater Exploration Stock Up 0.3%

Shares of TSE:HWX opened at C$12.08 on Friday. The company has a 50 day moving average price of C$12.73 and a two-hundred day moving average price of C$11.70. 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 company has a market capitalization of C$2.87 billion, a PE ratio of 20.83, a PEG 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.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. Headwater Exploration had a net margin of 24.12% and a return on equity of 18.54%. The company had revenue of C$133.81 million for the quarter. Analysts forecast that Headwater Exploration will post 0.6296296 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Royal Bank Of Canada increased their price target on Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. Desjardins raised their price target on 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. Finally, National Bank Financial lifted their price objective on 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 investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$11.68.

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.