Atb Cap Markets Weighs in on TSE:HWX FY2024 Earnings

Headwater Exploration Inc. (TSE:HWX) – Stock analysts at Atb Cap Markets issued their FY2024 earnings per share estimates for shares of Headwater Exploration in a research report issued to clients and investors on Tuesday, December 3rd. Atb Cap Markets analyst A. Arif anticipates that the company will earn $0.79 per share for the year. 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. Atb Cap Markets also issued estimates for Headwater Exploration’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.73 EPS, FY2026 earnings at $0.53 EPS and FY2027 earnings at $0.42 EPS.

A number of other research analysts also recently commented on HWX. Raymond James raised shares of Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. National Bankshares decreased their price objective on Headwater Exploration from C$10.50 to C$9.50 in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Headwater Exploration has an average rating of “Buy” and an average price target of C$9.46.

Headwater Exploration Stock Performance

Shares of TSE:HWX opened at C$6.82 on Friday. The firm has a fifty day simple moving average of C$6.79 and a two-hundred day simple moving average of C$6.93. Headwater Exploration 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 stock has a market capitalization of C$1.62 billion, a P/E ratio of 8.74, a PEG ratio of 0.83 and a beta of 1.55.

Headwater Exploration Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.87%. Headwater Exploration’s dividend payout ratio is 51.28%.

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.