Headwater Exploration (TSE:HWX) Price Target Raised to C$10.50

by · The Cerbat Gem

Headwater Exploration (TSE:HWX – Get Free Report) had its price objective boosted by analysts at National Bankshares from C$9.00 to C$10.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 10.88% from the stock’s previous close.

A number of other research firms have also issued reports on HWX. ATB Capital upped their price target on Headwater Exploration from C$8.75 to C$11.00 and gave the company an “outperform” rating in a research report on Thursday. CIBC upped their target price on Headwater Exploration from C$8.50 to C$10.00 in a report on Wednesday, October 15th. Finally, Desjardins raised their target price on Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Headwater Exploration presently has an average rating of “Moderate Buy” and a consensus target price of C$10.25.

Read Our Latest Report on Headwater Exploration

Headwater Exploration Stock Performance

TSE HWX traded down C$0.10 during trading hours on Friday, reaching C$9.47. The stock had a trading volume of 357,808 shares, compared to its average volume of 664,386. Headwater Exploration has a 52-week low of C$4.75 and a 52-week high of C$9.70. The stock has a fifty day moving average of C$7.87 and a 200 day moving average of C$7.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. The stock has a market cap of C$2.26 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62.

Headwater Exploration (TSE:HWX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$178.70 million for the quarter. Headwater Exploration had a return on equity of 28.63% and a net margin of 35.52%. Sell-side analysts predict that Headwater Exploration will post 0.6296296 earnings per share for the current year.

About Headwater Exploration

(Get Free Report)

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.

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