Royal Bank Of Canada Boosts Headwater Exploration (TSE:HWX) Price Target to C$11.00

Headwater Exploration (TSE:HWX) had its target price upped by Royal Bank Of Canada from C$10.00 to C$11.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 4.96% from the stock’s current price.

Several other research firms also recently commented on HWX. National Bankshares increased their target price on shares of Headwater Exploration from C$9.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Desjardins upped their price target on Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a research note on Thursday, December 4th. Raymond James Financial downgraded Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 9th. CIBC boosted their target price on Headwater Exploration from C$8.50 to C$10.00 in a report on Wednesday, October 15th. Finally, ATB Capital upped their target price on Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$10.25.

Headwater Exploration Price Performance

Shares of HWX opened at C$10.48 on Monday. The firm has a market cap of C$2.50 billion, a PE ratio of 14.36, a PEG ratio of 0.83 and a beta of 0.56. The firm’s 50 day moving average price is C$9.17 and its 200 day moving average price is C$7.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. Headwater Exploration has a twelve month low of C$4.75 and a twelve month high of C$10.61.

Headwater Exploration (TSE:HWX) last posted its earnings results on Wednesday, October 29th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$178.70 million during the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. As a group, research analysts expect that Headwater Exploration will post 0.6296296 EPS for the current fiscal year.

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.