Phillip R. Knoll Sells 5,400 Shares of Headwater Exploration Inc. (TSE:HWX) Stock

Headwater Exploration Inc. (TSE:HWX) Director Phillip R. Knoll sold 5,400 shares of Headwater Exploration stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of C$6.97, for a total transaction of C$37,638.00.

Headwater Exploration Stock Performance

Shares of HWX stock opened at C$7.04 on Friday. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.83 and a beta of 1.55. Headwater Exploration Inc. has a 52-week low of C$5.88 and a 52-week high of C$8.57. 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 company’s 50 day moving average is C$6.83 and its 200 day moving average is C$6.84.

Headwater Exploration Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.68%. Headwater Exploration’s dividend payout ratio is presently 51.28%.

Wall Street Analysts Forecast Growth

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