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

Headwater Exploration Inc. (TSE:HWX) announced a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders 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 dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th.

Headwater Exploration Trading Up 0.3%

TSE HWX opened at C$12.08 on Friday. The firm’s fifty day moving average price is C$12.73 and its 200 day moving average price is C$11.70. Headwater Exploration has a 12 month low of C$6.58 and a 12 month high of C$13.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.98 and a quick ratio of 2.07. The company has a market capitalization of C$2.87 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 0.83 and a beta of 0.58.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. National Bank Financial upped their price target on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Royal Bank Of Canada raised their price objective on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Monday, March 9th. BMO Capital Markets boosted their price objective on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Desjardins upped their target price 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.