TSE:HWX FY2025 EPS Estimate Increased by Atb Cap Markets

Headwater Exploration Inc. (TSE:HWX) – Analysts at Atb Cap Markets upped their FY2025 earnings per share estimates for Headwater Exploration in a note issued to investors on Thursday, December 5th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.74 for the year, up from their previous forecast of $0.73. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Headwater Exploration’s current full-year earnings is $0.63 per share.

Other equities research analysts also recently issued reports about the company. National Bankshares decreased their price target on Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 27th. Raymond James raised Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$9.46.

Headwater Exploration Price Performance

Shares of TSE HWX opened at C$6.66 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07. The stock has a fifty day moving average price of C$6.81 and a 200 day moving average price of C$6.92. Headwater Exploration has a 1-year low of C$5.88 and a 1-year high of C$8.57. The company has a market cap of C$1.58 billion, a PE ratio of 8.69, a P/E/G ratio of 0.83 and a beta of 1.55.

Headwater Exploration Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.01%. The ex-dividend date is Tuesday, December 31st. Headwater Exploration’s payout ratio is 51.28%.

About Headwater Exploration

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.