Headwater Exploration Inc. (TSE:HWX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Headwater Exploration Inc. (TSE:HWX) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$10.25.

A number of equities analysts have commented on the stock. Desjardins lifted their target price on Headwater Exploration from C$8.75 to C$9.50 and gave the company a “hold” rating in a research report on Thursday, December 4th. National Bankshares boosted their price objective on shares of Headwater Exploration from C$9.00 to C$10.50 and gave the company an “outperform” rating in a report on Friday, December 5th. ATB Capital increased their target price on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. CIBC boosted their price target on shares of Headwater Exploration from C$8.50 to C$10.00 in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their price objective on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Monday.

Headwater Exploration Price Performance

Shares of HWX stock traded up C$0.16 during mid-day trading on Monday, hitting C$10.53. 389,434 shares of the stock were exchanged, compared to its average volume of 754,578. The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Headwater Exploration has a 52-week low of C$4.75 and a 52-week high of C$10.58. The firm has a fifty day moving average of C$9.07 and a 200 day moving average of C$7.83. The company has a market cap of C$2.51 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.83 and a beta of 0.56.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business had revenue of C$178.70 million for the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. Research analysts anticipate that Headwater Exploration will post 0.6296296 earnings per share for the current year.

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.