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

Shares of Headwater Exploration Inc. (TSE:HWX) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to 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 research analysts recently issued reports on HWX shares. National Bankshares lifted their price target on Headwater Exploration from C$9.00 to C$10.50 and gave the company an “outperform” rating in a report on Friday, December 5th. Desjardins boosted their target price on shares of 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 lowered shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. Royal Bank Of Canada increased their price target on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Monday, January 19th. Finally, ATB Capital raised their price target on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, December 4th.

Headwater Exploration Stock Up 2.0%

Shares of HWX opened at C$10.87 on Monday. The company has a market capitalization of C$2.60 billion, a P/E ratio of 14.89, a PEG ratio of 0.83 and a beta of 0.56. Headwater Exploration has a one year low of C$4.75 and a one year high of C$11.02. The business’s 50 day simple moving average is C$9.34 and its 200-day simple moving average is C$7.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 2.07.

Headwater Exploration (TSE:HWX) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.15 earnings per share (EPS) for the quarter. The firm had revenue of C$178.70 million during the quarter. Headwater Exploration had a return on equity of 28.63% and a net margin of 35.52%. As a group, sell-side analysts predict that Headwater Exploration will post 0.6296296 EPS for the current fiscal 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.