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

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

Headwater Exploration Stock Performance

Shares of TSE:HWX opened at C$12.08 on Friday. The business’s 50-day simple moving average is C$12.73 and its 200 day simple moving average is C$11.70. The company has a market cap of C$2.87 billion, a P/E ratio of 20.83, a PEG ratio of 0.83 and a beta of 0.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.07 and a current ratio of 0.98. Headwater Exploration has a one year low of C$6.58 and a one year high of C$13.82.

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

Insider Buying and Selling

In other news, Director Karen Nielsen purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of C$12.90 per share, with a total value of C$25,800.00. Following the transaction, the director owned 2,000 shares in the company, valued at approximately C$25,800. The trade was a ∞ increase in their position. Also, Director Kevin Olson sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of C$13.32, for a total value of C$1,332,000.00. Following the transaction, the director owned 2,820,179 shares in the company, valued at C$37,564,784.28. This trade represents a 3.42% decrease in their ownership of the stock. 5.08% of the stock is currently owned by insiders.

Headwater Exploration Company Profile

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.